Pimco Is Saddled With a $1.7 Billion Default in Office-Market Meltdown

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Pimco Is Saddled With a $1.7 Billion Default in Office-Market Meltdown
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Pimco bet big on the office market. Now it is saddled with a $1.7 billion default.

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In 2021, the asset-management firm known as Pimco banked on an office-market comeback. Interest rates were near historic lows, and the economy was humming. Cities were expecting a surge in newly vaccinated workers returning to the office.

In September that year, Pacific Investment Management Co. said it was acquiring Columbia Property Trust Inc., which owned 19 office buildings in New York, San Francisco, Washington, D.C., and other cities. The deal

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Good

그렇군. 로라가 얘기한 대로

They deserve it

I still am not going back to the office.

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