Thanks for reading the Bisnow Weekender, my personally curated roundup of the most impactful news, notable quotes, binge-worthy show recommendations and other colorful highlights from the Bisnow world of commercial real estate and beyond. We're zeroing in on how real estate is weathering the high interest rate storm. “Unfortunately, what our industry is experiencing right now is a hangover, right? The hangover is going to last a little bit longer than we all wanted it to. But in reality, it's not as if that means that the industry is completely in a state of comatose. It will have to just weather through this.” That is what one construction principal told us this week (scroll down for the full story) — and as I said in this newsletter last week, Welcome To Interest Rate Purgatory! In other news from this week, we discovered that WeWork's bankruptcy turmoil is testing the resilience — and continued loyalty — of its tenant community as the embattled coworking giant flails in bankruptcy headwinds. Customers have been left confused and frustrated in the whirlwind. “It’s like, OK, I have trust issues now,” a Boston WeWork member told Bisnow. “There’s a lack of resources and we pay a ridiculous amount of money for this place. … I just feel like they’re trying to build on this swamp and it’s sinking.” On the banking front, the anticipated impact of commercial property loans has yet to significantly shake the sector. “Commercial real estate for large banks was definitely a nonevent in the first quarter,” one analyst told us, providing a temporary sigh of relief amid ongoing vigilance — for the moment, at… Read Full Story | 
