Commercial Real Estate Daily
Commercial Real Estate Daily
Tyler Cauble
024. Rising Concerns in Commercial Real Estate: JP Morgan and Wells Fargo Take Precautions
4 minutes Posted Jul 18, 2023 at 10:00 am.
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JP Morgan Chase and Wells Fargo have increased their provisions for potential losses from commercial real estate loans, reflecting concerns in the sector.– The global commercial real estate market, particularly office buildings, has been under pressure due to high interest rates and remote work trends.