The developer, Glenroy Coachella LLC, filed for Chapter 11 protection after the project’s manager has faced allegations of fraud.
London’s main shopping district plans to erect Marble Arch Hill to operate for six months starting in the summer.
A trade group that represents Marriott, Hilton and Sheraton as well as smaller boutique hotels is asking the city to forgive or reduce interest charges.
About 5 million Americans didn’t make their rent or mortgage payment in December, according to an MBA survey.
Tom Shapiro, CIO of GTIS Partners, predicts Manhattan office building prices might fall 20 to 30 percent.
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.