Times Square property has been tagged for potential casino redevelopment
Times Square property has been tagged for potential casino redevelopment
A loan backed by a high-profile Times Square office building tagged for a potential casino redevelopment in Manhattan has received an extension.
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Target cites tight consumer budgets as sales flatten
Moody National is refinancing, selling properties
A nontraded hospitality real estate investment trust has made progress this quarter addressing $163 million in loan maturities past due or coming due over the next 12 months.
Investor plans to buy three Tokyo hotels; Global law firm leases large London office space; BlackRock partners in French logistics property purchase
City of Tulsa, Oklahoma, buys office building as new headquarters for police and fire departments
JDM Partners has sold one of 14 vacant office buildings it owns under lease to insurance giant State Farm.
Morningstar expects cash-flow decline at 34-story tower
Manhattan’s iconic Helmsley Building above Grand Central Terminal is said to have suffered a nearly 40% decline in value as the pandemic-upended office market pummels high-profile ...
REIT’s impaired loans nearly doubled over past year to $2.35 billion
Moody's Ratings has downgraded Blackstone Mortgage Trust's corporate credit rating on what it sees as a deterioration in the real estate investment trust’s office loan portfolio.
New hires, promotions and other personnel changes
Lee & Associates grows hotel brokerage team
EY Plaza now worth nearly $300 million less than in 2020, credit report says
The value of a beleaguered office tower in downtown Los Angeles has dropped yet again in the region's latest distress signal.
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Spirit Airlines files for bankruptcy
Veteran Michelle Brown to oversee firm's Canadian real estate management business
BGO Properties, the Canadian arm of global real estate investment management adviser BGO, has a new leader.
Firm’s latest mezzanine fund to primarily target apartments
Pearlmark Real Estate held the second closing of its sixth credit investment fund, Pearlmark Mezzanine Realty Partners VI, pulling in $300 million.
Securitization is Q-Deal program’s largest in two years
Dwight Mortgage Trust has completed the largest multifamily mortgage loan securitization through Freddie Mac’s Q-Deal program since October 2022.
New hires, promotions and other personnel changes
Cushman bolsters Northern California operations
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Hurricanes cost Disney over $100 million
Borrowing costs driven more by economic data, economists say
Borrowing costs have stagnated, even as the Federal Reserve has cut interest rates and the presidential election has been decided.
Deal in suburban Chula Vista tops $200 million as demand shows signs of recovery
Global investment firm Blackstone has added to its already considerable San Diego apartment holdings with a purchase that is among the region’s largest of the past 12 months.
A weekly look at the commercial mortgage-backed securities business
This week’s column examines Bank of America Securities’ improved CMBS outlook in the wake of national elections, another CMBS refinancing for landlord TPG and a Houston office park...
Investment firm buys high-profile Saudi hotel; Bank’s London office lease sets rent record; European fund manager targets US properties
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Inflation rate edges higher