Bank Crisis Could Cast Pall Over Commercial Real Estate Market

New York Times, March 22, 2023–Matthew Goldstein (subscription)
The fallout from the recent banking crisis spurred by the collapse of two banks — and concerns about the health of a third — is bubbling up in the market for commercial real estate lending, as borrowers fear that banks will pull back. That could slow down construction activity and increase the likelihood of a recession, analysts and real estate experts said.