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...
distressed properties
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Churchill Real Estate lines up $2B investment for residential lending
Churchill Real Estate has secured $2 billion to provide debt on residential real estate. The capital, raised from institutional...
For Sam Zell, it’s all about “foreclosures and opportunities”
Sam Zell’s Equity Commonwealth real estate investment trust has $3.4 billion in cash ready to deploy in these times...
Pricing gap stalls distressed asset investors, for now
Distressed asset investors might have to wait a bit longer for their “opportunity of the century,” as the coronavirus...
Coronavirus distress is “opportunity of the century” for real estate investors
As the coronavirus crisis sends property values tumbling, real estate investors sense an even greater buying opportunity than the...
RWN buys distressed Harlem site at bankruptcy auction
Ari Shalam’s RWN Real Estate Partners emerged as the top bidder in a bankruptcy auction to buy Hans Futterman’s distressed...
Investors are coming for your distressed RE
The trend has already been playing out in New York for some time, where some of the city’s most prominent developers have stepped in to grab properties from developers who bit off more than...
Turning Mayday into payday
In December, Kevin Maloney and Kamran Hakim gave up on a development site in Long Island City they’d spent nearly three years assembling. The partners wanted to build a $750 million, 914-foot-tall rental and...
10 most distressed properties in NYC
UPDATED, 5:49 p.m., October 1: Savvy real estate investors made a killing on distressed properties in the wake of the financial crisis. But as the market continues to get stronger — and as distressed...
Queens firms sued in alleged foreclosure rescue scam
A Queens resident has filed the first New York City case under the new “distressed-property consultant law,” accusing two...