Analysis

German CRE lender PBB plans to exit the U.S. because of uncertainty.

The back-and-forth has been active as the Fed tries to balance its dual mandate.

For the fifth straight quarter, construction has dipped.

The term ‘perfect storm’ doesn’t come close to encapsulating what’s wrong in CRE loans.

Historically, this is a repeating pattern.

Construction could continue to plummet in the market, as high costs persist.

It comes as demand and occupancy plunged in the first quarter.

There are implications for investors in non-bank CRE lending funds.