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Crystal Mall in Waterford, Connecticut  (Crystal Mall via Facebook, Getty)
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...

Simon’s Connecticut mall valuation slashed by 88%
Acore Partner Warren de Haan. (Acore, Getty)
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...

Acore Capital raises $1B to provide rescue cash to hotels
Simon Property Group CEO David Simon and Town Center at Cobb Mall (Getty, Google Maps, iStock/Illustration by Alexis Manrodt for The Real Deal)
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...

A Simon mall falls to foreclosure
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
The Walden Galleria in Buffalo, New York (Photo via Visit Buffalo Niagara)
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...

CMBS market faces staggering losses even with vaccine hopes
Issuance of single-asset/single-borrower (SASB) loans is likely to increase in 2021. Major assets like One Manhattan West, Hudson Pacific’s Hollywood studio portfolio, and the MGM Grand & Mandalay Bay were financed with SASB deals this year. (Photos via SOM, Shimahara Illustration, and iStock)
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...

Here’s what 2021 has in store for the CMBS market
Hotels in trouble: the Hilton Houston Post Oak (left) saw its value cut in half and is in foreclosure, and the Residence Inn Arlington Pentagon City is set to be torn down and turned into part of Amazon’s HQ2. (Photos via Hilton; Marriott; iStock)
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...

Here are the markets where hotels are hurting the most

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