National
Washington Prime Group back from bankruptcy; CEO out
Just a few months after filing for Chapter 11, mall operator Washington Prime Group has emerged from bankruptcy. When...
Retail
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National
Hudson’s Bay Company restructures $846M CMBS loan
Hudson’s Bay Company successfully restructured a massive CMBS loan, reportedly ending an 18-month saga that included accusations of undermining...
Tri-State
Legendary Hampton Bays bar up for sale
The Boardy Barn bar in Hampton Bays may not be serving beer for much longer: The property that hosts the well-known establishment has hit the market. Newsday reports that the popular Hamptons bar can...
Ty Warner’s Four Seasons Hotel sues tenant over $2.7M of missed rent
The landlord of the Four Seasons Hotel at 57 East 57th Street is suing tenant Zilli USA for $2.7...
National
How commercial real estate survived the pandemic
Commercial real estate’s resilience through the pandemic hinged on its surprising flexibility and new focus on convenience — themes...
Manhattan retail market ticks up, indicating slow recovery
Manhattan’s retail market is showing slow signs of recovery aided by a few major deals, according to a new...
Tri-State
Union County shopping center sells to Adoni Group for $19.2M
A shopping center in Westfield, New Jersey, has traded hands for just over $1 million below its original $20.5...
Thor facing pre-foreclosure suit at 470 Broadway, sale of 115 Mercer
Joe Sitt’s Thor Equities is facing big problems at two Soho retail properties. A special servicer on the company’s...
National
Pandemic paralysis: Delta continues to impede hotel, restaurant recovery
The Delta variant continues to stall recovery in the hospitality sector, as hotels, restaurants and bars added a mere...
Downtown pols call for limits on permanent outdoor dining
The Open Restaurants program, a lifeline for small business owners during the pandemic, has achieved a rare feat in...