American Dream’s owner Triple Five Group agreed to make the payments in lieu of real estate taxes to the borough of East Rutherford on land surrounding the mall in exchange for rights to build a hotel, minor league baseball stadium and offices.

Rescue capital is a more efficient and cost-effective way to recapitalize a real estate asset. Distressed situations can often be remedied without any further action being necessary.

The New York Times analyzed the barriers Black and Latino developers face, including lack of access to capital. Amazon’s HQ2 delay is “not a concern” according to Northern Virginia officials. These are among today’s must reads from around the...

It’s a totemic moment because Blackstone led the revival of the European CMBS market after the financial crisis.