US commercial real estate plunged again on Thursday.
US commercial real estate stocks fell sharply again on Thursday, with the selling frenzy that began on Wednesday further expanding. Shares of major commercial real estate services company CBRE Group plunged 15% at one point, with a cumulative drop of 26% in two days, marking the worst decline since the 2008 financial crisis. Jones Lang LaSalle fell 14% on Thursday, Cushman & Wakefield fell 13%, and Newmark Group fell 11%.
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