AMERICAS DISTRESS DAILY: Hines Sees Property Debt Crunch

Property markets, particularly in the US, are headed for trouble as the economy slows and interest rates stay high, according to Hines, a global real estate investment manager.

• “We will probably see a bigger wave of assets in distress,” if there’s stagflation, Alfonso Munk, who runs the firm’s debt business, said on Bloomberg Intelligence’s Credit Edge podcast.

In Other News:

• QVC Group Inc.’s bond prices fell sharply on Thursday in the high-yield market after reporting a 10% revenue decline and a net loss after turning a profit in the year-ago quarter.
• EW Scripps shares are down ...