Real Estate Doom Loop Threatens America’s Banks

The Wall Street Journal, Sept. 6, 2023-Shane Shifflett and Konrad Putzier (subscription)
Bank OZK had two branches in rural Arkansas when chief executive officer George Gleason bought it in 1979. The Little Rock lender today has billions of dollars in commercial real-estate loans, including for properties in Miami and Manhattan, where it is helping fund the construction of a 1,000-foot-tall office and luxury residential tower on Fifth Avenue.
https://www.wsj.com/real-estate/commercial-real-estate-regional-banks-9f8f591d?