The property, operated by Ashkenazy Acquisition Corp., stopped making payments in May 2020, after citing the impact of COVID-19.

A number of fund managers have recently re-branded their distressed funds as “opportunistic real estate” investments.

Office loan portfolios held by non-bank lenders have been posting steady performance, helped by long leases, high quality assets and some workouts.

Ivy Zelman is cautioning clients that overheated areas with heavy concentrations of investors are likely to face “corrections.”

Without a replacement for tenant Major League Baseball, lenders have the power to seize $19 million in cash related to 245 Park Ave.

SoftBank will finally get a chance to start recouping some of its money when WeWork lists is shares on the New York Stock Exchange.

The Rental Stabilization Association of NYC and five small landlords are seeking a preliminary injunction to suspend the law.

The mezzanine loan on the land beneath Times Square Edition, with a 5.1 percent interest rate, is in the “fulcrum position” of the debt stack.

The hotel, a staple of conference and business events, is exactly the type of property that’s been battered by the pandemic. It reopens next week.

China Oceanwide Holdings’ development subsidiary has been warning in regulatory filings that if it can’t bolster its finances, it might not continue as an operating concern.