In the case of the Times Square Edition, the pandemic exacerbated existing problems, including a market glut and troubles leasing its retail component.
The share of late FHA loans rose to almost 16 percent in the second quarter, up from 9.7 percent in the first.
For many new hotels, the decision to open is one that’s been years—and millions of dollars—in the making.
The overall slowdown in investment sales activity that affected all commercial real estate assets in the second quarter is not expected to leave a lasting mark on industrial real estate.
Here are 10 retailers that have and 10 that have not paid rent through July, as the industry deals with the fallout from the COVID-19 pandemic.
The company has been in early discussions with potential advisers about fundraising options.