Houston ended 2020 with a 24 percent office vacancy rate, the highest of any major U.S. city, according to JLL.
Navigating this terrain requires a lot more delicacy and empathy than in normal times.
Brookfield attributed the decline primarily to “unrealized reductions of values of certain assets within the portfolio.”
Office leasing in the borough fell by nearly 47 percent from the same period last year, according to Colliers International.
B+E has launched a new division to support special servicing of distressed net lease debt in response to the emerging opportunities.
The mall formerly known as the Fashion Outlets of Las Vegas was auctioned off this week for $1.525 million.
“I have a whole subset of students who experience anxiety around whether they can be themselves when they go out there to look for a job.”
By December, the city’s apartment investors were behind on $395 million in debt backed by mortgage bonds.
The deal would take the retailer through a prearranged restructuring of its debt.