Commercial property heading down the pan:
Sixty Spear St. sold to Presidio Bay Ventures for $40.9 million, the company confirmed Thursday — about 66% less than its most recently assessed property value of $121 million.
https://www.sfgate.com/bayarea/article/downtown-sf-office-building-sells-less-value-18290171.php
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.
https://www.cbre.com/insights/briefs/cotw-small-banks-have-larger-real-estate-exposure