CHANGE: CRE vet who advised on $8 billion of deals says 30% of office buildings are ‘basically worth nothing’ and ‘just have to be torn down.’ “‘There will be a bifurcation… The product in a good location with a good, safe environment will recover. And then you’ve got another group that will somehow hang in there and get reset in pricing,’ said Cordova, who is CEO of the real estate consultancy. ‘And then you have the others that are basically worth nothing—the D class. Those just have to be torn down. That’s probably at least 30% of all offices in the country.'”