A large number of older offices will fail to lure back workers in the post-Covid era, making them less attractive to occupiers and spurring a wave of defaults, according to Daniel McNamara, founder of Polpo Capital Management.
Survey respondents remain bullish on industrial fundamentals despite concerns about rising interest rates and the potential for a recession.
What’s the difference between the two types of funds in terms of strategy, targeted returns and investment horizons.
American Dream’s owner Triple Five Group agreed to make the payments in lieu of real estate taxes to the borough of East Rutherford on land surrounding the mall in exchange for rights to build a hotel, minor league baseball stadium and offices.
Rescue capital is a more efficient and cost-effective way to recapitalize a real estate asset. Distressed situations can often be remedied without any further action being necessary.
It’s a totemic moment because Blackstone led the revival of the European CMBS market after the financial crisis.
The payment-in-kind option for part of the loan, is an arrangement being considered by lenders including Apollo, Blackstone and Oaktree Capital Management.