“We’re not crying in our milk”: Hilton eyes new hotels despite $432M loss in Q2
Hilton Worldwide Holdings pressed on with developing new hotels despite heavy losses last quarter. The hotel giant opened 60...
Commercial Real Estate
Ashkenazy debt in doubt as trustee moves to end Surrey Hotel ground lease
In late April, Ashkenazy Acquisitions took the unusual step of pushing the Surrey Hotel into bankruptcy to protect its...
Kushner Cos. buys Gary Barnett out of development on NJ waterfront
Gary Barnett’s Extell Development is saying goodbye to the New Jersey waterfront — at least part of it. The...
Brookfield Property’s retail tenants paid 34% of rent in Q2
Brookfield Property Partners collected just 34 percent of rent across its retail portfolio in the second quarter, helping drive...
TRD Insights: Here’s what Netflix, Disney and CBS pay at HPP-Blackstone Hollywood studios
Blackstone’s acquisition of a 49 percent stake in Hudson Pacific Properties and its $1.65 billion Hollywood real estate portfolio is a big bet on...
TRD Insights: What #WFH could mean for office and resi costs in tech hubs
The technology industry accounted for over a fifth of major leasing activity nationwide in 2019, making it the biggest...
JLL profits halved by pandemic
JLL’s profitability fell by more than half during the second quarter as fees from brokering office leases around the world slowed to a trickle. JLL, the second-biggest real estate services firm in the world,...
Simon strikes back at the Gap with $107M lawsuit
Call it a retail rumble, with Simon Property Group in one corner and its largest national tenant in the...
Condé Nast wants out at 1WTC. Durst may not be OK with that
Condé Nast may have a fight on its hands. The publisher is trying to change the terms of its...
TRD Insights: CMBS delinquencies decline as borrowers get relief
The delinquency rate of CMBS loans has declined — slightly — for the time since the start of the...