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Stock impact report

Brookfield's BofA Tower in LA Sees 69% Decline in Appraised Value [Yahoo! Finance]

MSCI Inc (MSCI) 
Last msci inc earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.msci.com
Company Research Source: Yahoo! Finance
Most Read from Bloomberg New York's Transit Agency Approves $9 Congestion Toll Paris to Replace Parking Spaces With Trees In Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited Lift Amtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC Service A Bug's Eye View of Mexico City's Modernist Architecture The Bank of America Plaza, a 55-floor tower that hosts the home office of asset manager Capital Group, was appraised at $188.9 million, down from $605 million 10 years ago, according to a filing last week for the property's mortgage. US office values have plunged and vacancies soared since the double shock of the post-pandemic vacancy increases and soaring borrowing costs. Office values in US central business districts fell almost 53% from March 2022 through September, according to MSCI Inc. The office availability rate in downtown LA, which is among the hardest hit areas, was about 38% in the third quarter, according to CBRE Group Inc. The delinquency rate on U Show less Read more
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