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A growing number of commercial real-estate buyers are threatening to walk away from
recent transactions unless the seller offers better terms.
Rapidly rising interest rates are to blame.
Investors who agreed to a purchase price earlier this year when financing was cheaper
are now demanding price cuts or other concessions before closing.
That insistence on retrading deals began when bond yields started to rise in late
summer. It intensified last month after the Federal Reserve raised its benchmark rate by
a quarter percentage point and signaled more to come.