Ticking time bomb

Commercial property heading down the pan:

Sixty Spear St. sold to Presidio Bay Ventures for $40.9 million, the company confirmed Thursday β€” about 66% less than its most recently assessed property value of $121 million.


Many small banks were big players in commercial properties, so these are going to be next:

Today, according to the Federal Reserve, commercial real estate loans comprise 43% of smaller banks’ assets, much of it in multifamily, which still has relatively healthy fundamentals.