The Latest

Starwood's Barry Sternlicht and Pacific Retail's Steve Plenge with Parkway Plaza mall in San Diego and the Plaza West Covina mall in Los Angeles (Getty, Starwood, Pacific Retail)

Last bidder standing has big plans for Starwood’s troubled mall portfolio. But first, creditors must sign off

Starwood Capital Group finally lost control of its troubled regional mall portfolio this month, when trustees appointed by an Israeli court selected a partnership...

Last bidder standing has big plans for Starwood’s troubled mall portfolio. But first, creditors must sign off
Jared Chupaila, CEO of Brookfield Properties’ retail group, with Florence Mall and Fashion Square (Brookfield, TripAdvisor, iStock)

Brookfield and Namdar plan to hand over keys to struggling malls

Some mall owners have given up trying to revive their struggling malls and pay off their debt payments and...

Brookfield and Namdar plan to hand over keys to struggling malls
With about $23 billion of hotel-related CMBS loans in forbearance, more lenders are looking to offload those mortgages. (iStock)

Hotel industry is in trouble and more lenders want out

As hotels across the U.S. continue to suffer — average occupancy is just under 50 percent — an increasing...

Hotel industry is in trouble and more lenders want out
The special servicing rate has increased each month since the coronavirus pandemic hit the United States, and clocked a 55 basis point increase to 10.04 percent in August (iStock)

CMBS delinquencies fell, but hold the applause

The delinquency rate for CMBS loans has fallen for two consecutive months. Save the party supplies for later, though,...

CMBS delinquencies fell, but hold the applause
BMO Capital Markets CEO Dan Barclay and Paul Vanderslice (BMO, LinkedIn)

Ex-CCRE head Paul Vanderslice joins BMO Capital Markets

Paul Vanderslice, who recently exited Cantor Commercial Real Estate, is joining BMO Capital Markets to lead a new CMBS...

Ex-CCRE head Paul Vanderslice joins BMO Capital Markets
Dell CEO Michael Dell, Google CEO Sundar Pichai and Tesla CEO Elon Musk (Getty; iStock)

CRE is doing better in cities where tech dominates

In smaller U.S. metros, big tech can mean the difference between boom and bust for commercial real estate. That’s...

CRE is doing better in cities where tech dominates
(iStock)

Regus bankruptcy would put nearly $13B in CMBS loans at risk

Hit hard by its subtenants’ inability to pay on time, an affiliate of executive suites and co-working company International...

Regus bankruptcy would put nearly $13B in CMBS loans at risk
Brookfield’s Brian Kingston and Colony Capital's Tom Barrack  (Getty, iStock)

Real estate investors raise billions while skipping debt payments

In the real estate investment world, being delinquent on debt doesn’t mean investors have run out of money. They...

Real estate investors raise billions while skipping debt payments
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
Westfield Broward mall, CEO Christophe Cuvillier

Westfield Broward mall’s $95M CMBS loan heads to special servicing

UPDATED, Aug. 10, 3:20 p.m.: The owner of Westfield Broward mall is more than two months behind on payments...

Westfield Broward mall’s $95M CMBS loan heads to special servicing
« Previous Next »

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...