Articles by Kevin Sun

 The Qualtrics Tower at 1201 2nd Avenue in Seattle with Hana Financial CEO Kim Jung-tai and Skanska USA CEO Richard Kennedy (Google Maps)

$700M Seattle office tower buy would be among largest Covid-era property deals

In what could soon be the biggest single-property acquisition of the Coronavirus era, a South Korean consortium has signed...

$700M Seattle office tower buy would be among largest Covid-era property deals
Korean Air eyes sale of LA’s tallest tower

Korean Air eyes sale of LA’s tallest tower

The tallest skyscraper west of the Mississippi may soon be up for sale, as the Korean conglomerate that owns...

Korean Air eyes sale of LA’s tallest tower
(iStock)

Banks see CRE loans delinquencies hit 5-year high

The delinquency rate on bank’s commercial real estate loans is at its highest point since 2015. The overall delinquency...

Banks see CRE loans delinquencies hit 5-year high
What tenants are paying at Shvo and Deutsche Finance’s “Big Red” building

What tenants are paying at Shvo and Deutsche Finance’s “Big Red” building

Michael Shvo and Deutsche Finance America’s buy of the “Big Red” office tower last month marked the biggest Chicago...

What tenants are paying at Shvo and Deutsche Finance’s “Big Red” building
“I believe in the future of Downtown Los Angeles”: Silverstein closes US Bank Tower buy

“I believe in the future of Downtown Los Angeles”: Silverstein closes US Bank Tower buy

Silverstein Properties closed on its $430 million deal to buy US Bank Tower, an iconic Downtown Los Angeles property whose purchase price was far...

“I believe in the future of Downtown Los Angeles”: Silverstein closes US Bank Tower buy
Vornado CEO Steven Roth and TheMART (Getty, VNO)

What tenants are paying at Vornado’s theMART in Chicago

When Chicago’s Merchandise Mart opened in 1930, it was the largest building in the world. Though it no longer...

What tenants are paying at Vornado’s theMART in Chicago
Riza Aziz and (clockwise from left: 912 Hillcrest Road in Beverly Hills, Park Laurel in Manhattan and 2 Lygon Place in London (Getty, Google Maps, Realtor)

“Wolf of Wall Street” producer to forfeit $60M in 1MDB probe settlement

Another suspect in the 1MDB embezzlement scandal has agreed to give up assets allegedly linked to the scheme, which...

“Wolf of Wall Street” producer to forfeit $60M in 1MDB probe settlement
Rate of busted deals in US commercial real estate increased fourfold

Rate of busted deals in US commercial real estate increased fourfold

Soon after the coronavirus was declared a pandemic in mid-March, real estate dealmaking around the world ground to halt...

Rate of busted deals in US commercial real estate increased fourfold
(iStock)

These multifamily and office markets are more vulnerable to Covid distress

Since the early days of the coronavirus crisis, distressed real estate investors have been gearing up for the opportunity...

These multifamily and office markets are more vulnerable to Covid distress
Photo illustration of Alex Sapir (iStock)

Bondholders approve Sapir Corp debt restructuring

Sapir Corp’s Israeli bondholders have decided that it’s a good idea to give the development firm a few more...

Bondholders approve Sapir Corp debt restructuring
Crowdfunding platform PeerStreet launches debt fund for Covid-era opportunities

Crowdfunding platform PeerStreet launches debt fund for Covid-era opportunities

Real estate investment platform PeerStreet is getting in on the distressed-debt investment game. Through its new Peer Street Credit...

Crowdfunding platform PeerStreet launches debt fund for Covid-era opportunities
Alex Sapir and the NoMo Soho hotel and Arte Surfside (Getty, NoMo SoHo, Arte)

Sapir Corp seeks bondholder approval for $44M debt restructuring

Another U.S. developer with bonds in Israel is facing a coronavirus cash flow crunch, and is seeking bondholder approval...

Sapir Corp seeks bondholder approval for $44M debt restructuring
Not your “golfing buddy”: CRE pros on dealing with special servicers

Not your “golfing buddy”: CRE pros on dealing with special servicers

Since the start of the coronavirus crisis, hundreds of CMBS loans — primarily in the lodging and retail sectors...

Not your “golfing buddy”: CRE pros on dealing with special servicers
Business is booming for timber REITS, thanks in part to DIY home improvement projects. (Illustration by The Real Deal; iStock)

Timber REITs are having a mighty moment

When the coronavirus crisis slammed the U.S. economy, owners of vast forests of timberland saw business take a big hit as most new construction ground to a halt along with demand for wood products....

Timber REITs are having a mighty moment
HNA Group chairman Chen Feng, SL Green CEO Marc Holliday and 245 Park Avenue (Getty, Google Maps, iStock)

What tenants are paying at HNA’s 245 Park Avenue

When HNA Group paid $2.2 billion to acquire 245 Park Avenue in 2017, it put an exclamation mark on...

What tenants are paying at HNA’s 245 Park Avenue
Here are the multifamily borrowers getting the most forbearance from Fannie & Freddie

Here are the multifamily borrowers getting the most forbearance from Fannie & Freddie

Since late March, Fannie Mae and Freddie Mac have been offering forbearance to multifamily borrowers hard hit by the...

Here are the multifamily borrowers getting the most forbearance from Fannie & Freddie
(iStock)

TRD Insights: International real estate investment tumbles in Q2 with US hardest hit

Real estate markets worldwide saw investment sales fall in the second quarter, but none as much as the U.S....

TRD Insights: International real estate investment tumbles in Q2 with US hardest hit
Bob Iger, Reed Hastings and (clockwise from top left) Sunset Las Palmas, Sunset Bronson and Sunset Gower Studios (Getty, Google Maps)

Here’s what Netflix, Disney and CBS pay at for their Hollywood digs

Blackstone’s acquisition of a 49 percent stake in Hudson Pacific Properties and its $1.65 billion Hollywood real estate portfolio...

Here’s what Netflix, Disney and CBS pay at for their Hollywood digs
For the first time since the start of the coronavirus crisis, the percentage of CMBS loans that are more than a month behind on payments has gone down. (iStock)

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...

TRD Insights: CMBS delinquencies decline as borrowers get relief
Walker Tower at 212 West 18th Street with in-contract buyer Ron Vinder (left), and prior owner Khadem al-Qubaisi (right) (Images from JDS Development, Morgan Stanley, Pixabay)

NYC condo board fights “low-ball” sale of 1MDB-linked penthouse

In order to prevent the U.S. government from selling a 1MDB scandal-linked penthouse at a steep discount, the condo...

NYC condo board fights “low-ball” sale of 1MDB-linked penthouse
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