RXR Chairman and CEO, Scott Rechler, unpacked the impact of higher-for-longer interest rates on commercial real estate in a conversation with Politico.
Rechler stated: ”This is different than 2008 – that this is not going to resolve itself in just, you know, prices and values re-inflating because of an injection of capital into the system… at some point or another, the day of reckoning needs to come… I think it’s here.”
