ViewPoint

When debt takes centre stage — A wake-up call for family offices

The Bravern Office Commons in Bellevue, Washington. Once fully leased to Microsoft, this high-profile asset was acquired in 2020 for $585 million. Today, it trades at a bruised value of $268 million, representing a stunning 56% devaluation

In October 2025, US commercial real estate crossed a threshold many believed was sealed in the past, a dark echo from the 2009 financial crisis. 

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