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229 West 43rd Street in New York and Two Westlake Park in Texas. New York and Texas are the states with the largest exposure to loans with appraisal reductions. (Photos via iStock; Google Maps; JLL)
National Insights

What appraisal reductions mean for future losses on CMBS loans

As delinquency rates for commercial mortgage-backed securities settle into a new normal after early pandemic chaos, other market metrics...

What appraisal reductions mean for future losses on CMBS loans
Ray McGuire photographed by Axel Dupeux.
New York

The Closing: Ray McGuire

Ray McGuire’s path from “the streets to the suites” is made-for-movie stuff. Growing up poor and fatherless in Dayton, Ohio, he worked his way into the elite boarding school Hotchkiss, then Harvard for undergraduate,...

The Closing: Ray McGuire
Nautical Ventures Marine CEO Roger Moore and Holman Automotive CEO Brian Bates with 1400 South Federal Highway (Google Maps)

Holman sells former Fort Lauderdale BMW dealership for $6M

A boat and water sports products store paid $5.5 million for a former Fort Lauderdale car dealership. Nautical Ventures...

Holman sells former Fort Lauderdale BMW dealership for $6M
Carl Gambino

Celebrity agent Carl Gambino expands to Miami

Los Angeles broker Carl Gambino is joining the party in Miami. Gambino, who has worked with celebrities including Nick...

Celebrity agent Carl Gambino expands to Miami
AHS Residential CEO Ernesto Lopes and AEW Global CEO Jeff Furber with 13700 Southwest 256th Street (Google Maps)

Alphabet soup: AEW pays AHS $57M for Homestead apartments

A Boston-based global real estate investment manager paid $57 million for a 281-unit apartment complex near Homestead. AEW Capital...

Alphabet soup: AEW pays AHS $57M for Homestead apartments
The Vessel at Hudson Yards (Getty)
New York

Related closes Vessel after third suicide

Related Companies has closed the Vessel, the Thomas Heatherwick-designed sculpture at the Hudson Yards megaproject, after a third person died by suicide by jumping from the structure. The developer is working with suicide prevention...

Related closes Vessel after third suicide

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