Commercial real estate foreclosures jumped 117% in March as trouble looms

Thomas Michaud, CEO of KBW, a Stifel Company, assesses the stability of regional banks, commercial real estate and the Basel III proposals. The commercial real estate market is starting to buckle under the weight of higher interest rates and remote work.  There were 625 commercial real estate foreclosures in March, up 6% from February and 117% from the same time last year, according to a…