$78.6M sub-performing loan on Union Crossing up for sale

Union Crossing at 825 East 141st Street with LibreMax's Greg Lippmann (Union Crossing Bronx; LibreMax)
Union Crossing at 825 East 141st Street with LibreMax's Greg Lippmann (Union Crossing Bronx; LibreMax)
$78.6M sub-performing loan on Union Crossing up for sale

Can the American Dream mall survive the pandemic?

The mall was already beset by 18 years of starts and stops (Getty)
Can the American Dream mall survive the pandemic?

All Year misses Israeli bond payment, sending values plunging

Denizen Bushwick at 123 Melrose Street in Brooklyn (Google Maps; iStock)
All Year misses Israeli bond payment, sending values plunging

Michael Stern pays $24M for future site of 62-story Brickell tower

Michael Stern and a rendering of the project (Getty, JDS Development/SHoP Archictects)
Michael Stern pays $24M for future site of 62-story Brickell tower

The mirage of low interest rates

The mirage of low interest rates
The mirage of low interest rates

Latest News

The mall was already beset by 18 years of starts and stops (Getty)
Tri-State

Can the American Dream mall survive the pandemic?

New Jersey’s American Dream mall was projected to have 40 million visitors when it opened in 2019 — and...

Can the American Dream mall survive the pandemic?
Spending outpaced foot traffic because shoppers purchased at the stores they did visit (Getty)
National

Retail foot traffic tanks on Black Friday

Foot traffic in stores on Black Friday was about a half of what it was last year. But the decline in spending at physical stores was not as bad, according to the Wall Street...

Retail foot traffic tanks on Black Friday
Airbnb CEO Brian Chesky (Getty; iStock)
National

Airbnb targets as much as $33B valuation for IPO

Airbnb executives plan to target a higher-than-expected valuation range of as much as $33 billion for its initial public...

Airbnb targets as much as $33B valuation for IPO
The mirage of low interest rates
National Issue

The mirage of low interest rates

Record-low interest rates have created an unprecedented opportunity for homebuyers. That’s the party line in the residential industry. But that’s not how things are playing out on the ground. Many buyers have little chance...

The mirage of low interest rates
Issuance of single-asset/single-borrower (SASB) loans is likely to increase in 2021. Major assets like One Manhattan West, Hudson Pacific’s Hollywood studio portfolio, and the MGM Grand & Mandalay Bay were financed with SASB deals this year. (Photos via SOM, Shimahara Illustration, and iStock)
National Insights

Here’s what 2021 has in store for the CMBS market

After a hot start in the first two months of 2020, the market for commercial mortgage-backed securities came to...

Here’s what 2021 has in store for the CMBS market

Inside The National issue

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The inside story of 220 Central Park South, the world’s most profitable condo

The inside story of 220 Central Park South, the world’s most profitable condo

The inside story of 220 Central Park South, the world’s most profitable condo
The Trump Reorganization: What’s next for the president’s firm?

The Trump Reorganization: What’s next for the president’s firm?

The Trump Reorganization: What’s next for the president’s firm?
A challenge of biblical proportions: Developers brace for disaster

A challenge of biblical proportions: Developers brace for disaster

A challenge of biblical proportions: Developers brace for disaster
The mirage of low interest rates

The mirage of low interest rates

The mirage of low interest rates
Law in order: Ranking New York’s legal power players

Law in order: Ranking New York’s legal power players

Law in order: Ranking New York’s legal power players
The Closing: Spencer Rascoff

The Closing: Spencer Rascoff

The Closing: Spencer Rascoff
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Former J. Crew CEO Mickey Drexler and 760 N Walnut Ave, Ketchum (Getty; Realtor)
National Weekend Edition

Former J. Crew CEO Mickey Drexler sells Idaho estate

Former J. Crew CEO Mickey Drexler sold his Idaho estate and a pair of neighboring lots for $11 million....

Former J. Crew CEO Mickey Drexler sells Idaho estate
Singapore (iStock)
National Weekend Edition

Singapore luxury market rebounds despite fewer foreign buyers

Singapore’s housing market has rebounded from the lows brought on by the pandemic earlier this year, even with fewer...

Singapore luxury market rebounds despite fewer foreign buyers
San Francisco (iStock)
National Weekend Edition

In remote work world, some tech CEOs are leaving Bay Area

Tech industry workers aren’t the only ones leaving San Francisco for new digs. So are their bosses. Several industry...

In remote work world, some tech CEOs are leaving Bay Area
The tax break allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30 (Getty; Unsplash)
National Weekend Edition

UK tax break expiration could hurt struggling retailers

A popular tax break is expiring in the United Kingdom in January, threatening the country’s status as a shopping...

UK tax break expiration could hurt struggling retailers
Istanye Park in Istanbul (Photo via Wikipedia Commons)
National Weekend Edition

Turkish mall valued at $1B in deal with Qatar

Turkish investment giant Dogus Holdings AS has agreed to sell a 30 percent stake in a high-end Istanbul shopping...

Turkish mall valued at $1B in deal with Qatar
For many movie theaters, Covid-19, which has kept viewers at home and new releases from the screen, feels like the final curtain. (iStock)
National

Curtains: What to do with movie theaters

Even before the pandemic, Ari Benmosche realized that running his movie theater in a traditional sense wasn’t sustainable. The owner of the Lafayette Theater, a small venue in Suffern, New York, has shown the...

Curtains: What to do with movie theaters
RMBS then and now: Do securitized home loans still matter?
National Issue

RMBS then and now: Do securitized home loans still matter?

Between April and June, when the pandemic went from a shocking jolt to a daily reality, a record number...

RMBS then and now: Do securitized home loans still matter?

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