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This is CBS, I Am The World, the Scholar Report with Chris Regal, the CEO of Scholar.com,

a global technology firm, all continents, exploring the retail space with digital signage.

We come now to the signs of the times. BlackRock, the private equity investor, largest in the

solar system or near two has now put a what I'm told a limited temporary freeze on withdrawals

from its REITs, its REITs investment. That's commercial real estate. Chris, a very good evening to you.

You've watched this for several years now during the pandemic in large cities, New York especially,

but I remember our exchange about St. Louis. All large cities were at that time puzzling about

when will the workforce come back. This moved by BlackRock. Is it connected to those empty buildings

that continue good evening to you? Good evening John, absolutely. You're seeing now the

first bits of what we could call a contagion in that commercial real estate market, which is

because more and more people are working from home because there is less commerce happening in

big cities of having people come into work every day. You're seeing whether it be BlackRock and

pausing redemptions. The mayor of Washington DC, employing the federal government to send workers

back, but the potential collapse in commercial real estate values as well as the many economic ecosystems

around them. If you're coming to work, your ability to go out to lunch, use a dry cleaner,

buy something at the shop nearby, hit Starbucks twice a day. All of the ecosystems in these major

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