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...
distressed properties
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Tri-State
County exec on delinquent Kohan mall: “We’re just done”
The lights are dimming at one of Mike Kohan’s delinquent malls, as he is being given two choices for...
Hilton timeshares arm buys distressed Midtown hotel for $58M
Timeshare operator Hilton Grand Vacations now owns the site of its planned club dubbed “The Central” in Midtown after...
National
‘Wholesaler’ home flippers prompt new regulations
A new kind of house flipper has infiltrated low-income neighborhoods, prompting local governments and agencies to enact more restrictive...
Manhattan hotel trades in biggest distressed lodging deal of pandemic
Manhattan’s biggest distressed hotel deal of the pandemic just closed for $175 million. Isaac Hera’s Yellowstone Real Estate Investments...
National
Prodigy Network files for bankruptcy as lawsuits mount
The beleaguered real estate crowdfunding company Prodigy Network filed for bankruptcy on Thursday as lawsuits pile up and its...
National
Electra America, AKA launch $500M hotel fund
A multifamily investment firm and a luxury hotel residences company have partnered to launch a $500 million hotel investment...
National
TRD Tips: How to manage when you’re a landlord late on the loan
What’s the best option for a landlord who’s fallen behind on the mortgage? “The short answer is, you go...
Tenant group sees opportunity in multifamily foreclosures: report
Distressed debt fund managers aren’t the only ones smelling opportunity from a coming foreclosure crisis. A nonprofit seeking to...
National
These multifamily and office markets are more vulnerable to Covid distress
Since the early days of the coronavirus crisis, distressed real estate investors have been gearing up for the opportunity...