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Lenders Take Control Of £1B In Assets — But Finding Buyers Right Now Isn’t Easy
News

Lenders Take Control Of £1B In Assets — But Finding Buyers Right Now Isn’t Easy

... Below, Bisnow outlines seven key situations where lenders have taken control of assets and takes a look at the issues around ... whether it progresses with a proposed 332-apartment build-to-rent scheme at Highcross for which Hammerson had secured planning ...

Oct 02, 2023
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Twitter Agrees To Vacate Ponce City Market Office, Pay Jamestown $1M In Back Rent
News

Twitter Agrees To Vacate Ponce City Market Office, Pay Jamestown $1M In Back Rent

... its landlord more than $988K in back rent, according to court documents obtained by Bisnow. ... chaos that ensued when Musk took over control of San Francisco-based social media ... , sued Twitter in January for unpaid rent at its office near London's Picadilly ...

May 17, 2023
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Bargaining Power Is Shifting Toward Tenants As Multifamily Rent Growth Dissipates
News

Bargaining Power Is Shifting Toward Tenants As Multifamily Rent Growth Dissipates

... many from pursuing homeownership. But with vacancies rising and rent growth cooling, bargaining power is shifting away from landlords. ... delinquent loans. A troubled investment group in Houston lost control of its four-complex portfolio in a $229M foreclosure ...

Jun 13, 2023
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Lenders Take Control Of Giant Cinema Chain Through £1B Debt Restructuring
News

Lenders Take Control Of Giant Cinema Chain Through £1B Debt Restructuring

... majority owners, the Canadian pension funds AIMCo and OMERS, cede control. They paid £1B for Vue in 2013. Vue had a ... pandemic, the company was at loggerheads with landlords over unpaid rent.  Following the debt restructuring Vue will have about £7M available ...

Jul 14, 2022
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Nearly 4 In 10 Small-Business Owners Unable To Make Rent As Costs Soar
News

Nearly 4 In 10 Small-Business Owners Unable To Make Rent As Costs Soar

... Restaurants have been particularly hard-hit, with the rate of rent delinquency climbing from 36% in September to 49% in ... % reporting furloughs or reduced hours. In an effort to control inflation, the Federal Reserve is expected to raise interest rates ...

Nov 01, 2022
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Apartment Interior Generic
News

Greystar Rolls Out Workforce Housing Brand With Capped Rent Growth Model

... per month for two-bedroom units. To facilitate these rent levels, Greystar recently opened a modular construction factory called ... . “Over the past two years, our ability to control construction costs has differentiated us from our competitors,” Hillpointe ...

May 31, 2023
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Hillsboro_Civic_Center_LEED_Gold_plaque
News

LEED-Certified Office Buildings Bring 4% Rent Premium: CBRE

... statistical analysis to control for buildings' location, age and renovation history. The average 4% rent premium is for the ... buildings, however, the report found no statistically significant rent premium associated with higher levels of LEED certification ( ...

Oct 24, 2022
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DOJ Could Intervene In Rent-Setting Lawsuit Against RealPage
News

DOJ Could Intervene In Rent-Setting Lawsuit Against RealPage

... prevail, they will have to prove RealPage and Yardi Systems control an outsized share of the rental market, Peter Carstensen, a ...

Oct 24, 2023
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Developer Of Staten Island's Empire Outlets Hit With Foreclosure, To Lose Control Of Struggling Mall
News

Developer Of Staten Island's Empire Outlets Hit With Foreclosure, To Lose Control Of Struggling Mall

... Observer reports. The senior lenders on the mall could take control of the property through the foreclosure process. “We are committed ... filled or has a pending lease. More tenants are paying rent now thanks to co-tenancy clauses being filled, and BFC ...

Feb 14, 2022
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A $34B Rent Debt Crisis Is Looming Over The Multifamily Market
News

Looming $34B Rent Debt Crisis Is Much More Than Just Eviction Risk

... 25B and $34B nationally when the Centers for Disease Control and Prevention’s unprecedented eviction moratorium ends on Jan. ... administration understood the potential ramifications of mass evictions that rent debt could precipitate. The CDC’s clarification on ...

Oct 15, 2020
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