Real Estate – Hedge-fund and private-equity firms under pressure to sublet office space, Health of the U.S. housing market (video)
Hedge-fund and private-equity firms under pressure to sublet office space
From WSJ.com: On top of the lumps taken from the credit crisis, stock-market declines and the recession, hedge-fund and private-equity firms now have a real-estate problem.
After loading up on lavish office space near the top of the market, some firms are trying to sublease what they don't need for as much as 30% less than their rental rate....
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Damien Hatfield, of Triple A Partners Australia, did a road-show with Bill Marr, who runs a CTA (Ramius Trading Systems (RTS)) a few weeks back in both Australian and New Zealand, and found that there w