TRD Insights: Hotel CMBS delinquencies jumped in June
Hotels’ occupancy rates have been rising, but their loan troubles are through the roof. Hotel delinquencies among commercial mortgage-backed...
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Politicians want Feds to rescue CMBS market
As hotels and retailers struggle to pay their mortgages in the age of coronavirus, political consensus is emerging around the need for the federal government to prop up the commercial mortgage-backed securities market. A...
Inside the “legacy” hotel assets Colony Capital is pivoting away from
Tom Barrack’s Colony Capital has spent the last several years pivoting away from “legacy” real estate assets toward digital...
Submerged in securities: Many CMBS hospitality loans may be underwater soon
Carlos Rodriguez Sr. set off from Costa Rica nearly 25 years ago for what seemed like a surefire bet:...
Wells Fargo seeks to foreclose on Southland Mall in Cutler Bay
UPDATED, June 9, 3:20 p.m.: Even as malls reopened in South Florida, those that are struggling could wind up...
Mall of America falls behind on $1.4B mortgage
The country’s largest shopping mall has reportedly fallen behind on its $1.4 billion mortgage, posing a threat to the...
Investcorp wants out of struggling Southland Mall
As retail continues to be battered by coronavirus, one South Florida mall owner has given up seeking relief and...
“Corporate shell game”: Special servicer says Hudson’s Bay undermined $850M loan
The special servicer for an $850 million CMBS deal has accused Hudson’s Bay Company of engaging in a “clandestine...
WeWork’s rental woes slam CMBS market
WeWork’s efforts to renegotiate several of its leases and skip rent payments is causing the price of bonds backed by payments from the company to plummet. Many WeWork tenants have requested rent relief or...
CMBS debt relief inquiries fall in late April, but worst is yet to come, new report says
After facing a tidal wave of relief requests in the first half of April, loan servicers saw a dip...
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