SOL didn’t close—it just failed to open and my understanding was this was entirely due to financing falling through.
Lightcone on the other hand does not have any financial issues to the best of my limited knowledge, but chose to close due to a change in strategy.
These two situations seem very different.
I’m not aware of any other office situations changing but it definitely makes sense that office strategy in general would be affected by a decline in available assets for offices. I expect this to continue case-by-case.
SOL didn’t close—it just failed to open and my understanding was this was entirely due to financing falling through.
Lightcone on the other hand does not have any financial issues to the best of my limited knowledge, but chose to close due to a change in strategy.
These two situations seem very different.
I’m not aware of any other office situations changing but it definitely makes sense that office strategy in general would be affected by a decline in available assets for offices. I expect this to continue case-by-case.