(Bloomberg)—U.S. Housing and Urban Development Secretary Ben
Win McNamee Getty Images U.S. HUD Secretary Bend Carson wants help for mortgage-servicing companies that are at risk of failing.
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Photo by Spencer Platt/Getty Images A deteriorating situation at four Brooklyn office buildings is adding to the company’s existing debt issues.
(Bloomberg)—Kushner Cos., the real estate firm owned by
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March was a catastrophic month for U.S. retailers, reports The New York Times. Non-traded REITs are not letting individual investors withdraw their cash from property funds, according to the Wall Street Journal. These are among
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“This is not the time to negotiate for the last nickel,” stresses one source, as tenants and landlords both need to survive.
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Once the U.S. economy begins re-opening, expect a “thinning of the herd” among fitness tenants.
The once-booming fitness sector is taking a hit from the COVID-19 pandemic as big-box gyms and boutique fitness studios shutter
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Getty Images While healthcare real estate has remained more resilient than most other CRE sectors, social distancing and shelter-in-place mandates are impacting a vast number of healthcare professionals.
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Getty Images Construction firms received approvals for 114,838 loans totaling $34 billion from the Paycheck Protection Program so far.
(Bloomberg)—Construction firms have had a
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The company raised another $1 billion in first-lien debt as a financial cushion.
(Bloomberg)—Home-sharing leader Airbnb Inc. lined up $1 billion in debt, adding to last week’s same-size haul and
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Getty Images The coronavirus outbreak is causing a spike in commercial mortgage delinquencies in the hotel and retail sectors, reports CNBC. Some property owners are taking a more confrontational
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More staff cuts, redesigned offices among measures WeWork plans to implement in coming months.
(Bloomberg)—Despite eliminating thousands of positions in the last six months, WeWork plans to keep cutting.
The
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