Two landlords say they overcame pandemic, but lender begs to differ
Two and a half years later, Covid is still spitting out real estate casualties. The latest are Brooklyn-based investor...
defaults
The Latest
Pacific Oak Capital, Savanna default on 110 William Street
A Lower Manhattan office building that has lost several notable tenants in recent years is in financial distress. Pacific...
National Weekend Edition
China developers owe $13B in USD bond payments this year
Property developers in China face $13 billion of foreign currency bond payments through the end of this year. About...
Oceanwide loses control of Manhattan supertall site
Oceanwide Holdings has lost control of a Manhattan development site where it planned to build a 1,500-foot skyscraper. The...
Judge demands alarm codes, cancels credit card for Moskovits Bronx project
UPDATED, 11:20 a.m., Nov. 1: In the legal tug-of-war over Toby Moskovits’ stalled Bronx apartment project, a state judge...
From lender with love: Bond-themed hotel sued for $40M
It’s a view to a bill: A lawsuit says a Midtown hotel with a James Bond-themed bar owes $40...
All Year Management in default on $170 million Brooklyn mortgage
All Year Management is in some new trouble. The company’s prime rental property is already scheduled for a Uniform...
National
Some retail landlords have collected just 15% of April rents: Report
The fight over commercial rent payments looks like it may be ugly. So far in April, some retail landlords...
Brooklyn development’s $150M loan falls into default
A $154.6 million loan for a Brooklyn development site has fallen into default, according to Apollo Commercial Real Estate...
Williamsburg Hotel dispute escalates as pandemic raises stakes
A month after a temporary receiver was appointed for Toby Moskovits’ Williamsburg Hotel, fighting over the property has veered...