More owners have been able to catch up on delinquent loans, which has short circuited predictions of a massive pandemic-induced distressed real estate cycle.
The owners of the 3.3-million-sq.-ft. property used the reserves to make a $9.3 million August payment on $290 million of debt.
The moratorium will apply to counties with high rates of coronavirus infections and last until Oct. 3.
SVPGlobal raised $5 billion for the Strategic Value Special Situations Fund V to buy debt and equity in struggling companies.
The National Apartment Association filed a lawsuit Tuesday at the U.S. Court of Federal Claims in Washington.
The key to acquiring bargains in these situations is to understand the process and dynamics of a bankruptcy sale.
Acquisitions of retail property rose in recent months. But the sector continues to face uncertainty and a bid/ask divide.
Barry Sternlicht’s investment firm has been selling malls across the U.S. at money-losing prices.
Hilco Global and Gordon Brothers are now running sales of last season’s extra goods under their own nameplate.