When I started to read this article, I initially felt incredulous about this SF real estate landlord. As I read more about the specific reasons why they defaulted on their huge loan, the reasons are basically the same for small RE businesses or someone like Veritas. If monetary loses pile up from less occupants and subsequently less monies that surrounded the start of COVID-19 in February/March 2020, you see the results probably not from companies like Veritas, but who else?
Have you read similar news about other real estate companies? How do you feel about the current state of real estate in the SF Bay area? Or other regions in California like the Central valley, Orange county, or San Diego county?
Please feel free to respond and/or comment.
Though not Chinese, I like to celebrate the Lunar New Year.