National
Landlords take on short-term debt to spruce up struggling assets
Landlords are increasingly taking on short-term debt to fix up their empty stores, hotels and apartment buildings. JPMorgan found...
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Tri-State
Simon’s Connecticut mall valuation slashed by 88%
The valuation for about two-thirds of Simon Property Group’s Crystal Mall in Waterford, Connecticut was slashed 87 percent to...
National
Acore Capital raises $1B to provide rescue cash to hotels
Acore Capital raised $1 billion to provide rescue capital to struggling hotels. The lender said it will originate and...
National
A Simon mall falls to foreclosure
Simon Property Group has lost control of a mall in suburban Atlanta, more bad news for one of the country’s largest retail landlords that has seen income plunge due to the pandemic. Deutsche Bank...
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...
National
CMBS market faces staggering losses even with vaccine hopes
Investors in the $550 billion commercial mortgage-backed securities market could see hefty losses as real estate sectors will continue...
National Insights
Here’s what 2021 has in store for the CMBS market
After a hot start in the first two months of 2020, the market for commercial mortgage-backed securities came to...
National Insights
These are the biggest malls landlords ready to hand over to CMBS lenders
As shopping centers across the country continue to struggle with a new surge in infections and lockdowns, the expiry...
National Insights
Here are the markets where hotels are hurting the most
Nearly $31 billion in outstanding CMBS hotel loans — more than a third of the total — is due...
National
80% of NYC hotels backing CMBS loans show signs of distress
The travel industry has been so ravaged by the coronavirus that even a vaccine may not come soon enough...