Tag Archives: Office Space

Morgan Stanley Strategically Defaults on 5 San Francisco Office Towers

Posted on December 17, 2009 by Patrick Butterfield

For those of you pondering the morals of strategic default, consider this story: Bloomberg reports Morgan Stanley to Give Up 5 San Francisco Towers Bought at Peak Morgan Stanley, the securities firm that spent more than $8 billion on commercial … Continue reading →

Posted in Best Of The Storm, Fresh Perspectives | Tagged Commercial Loans, Commercial Rents, negative equity, Office Rents, Office Space, Strategic Defaults, Walking Away | Leave a comment