Hotels took a beating during the pandemic — but are seeing a boost now as remote work allows for weekend travel and retirees seek entertainment.
The agency expects the CMBS delinquency rate will go to 4.5% in the next year, up from its current 1.89%.
Critics say the $35M program is a start but doesn't go far enough to address Georgia's housing affordability.
The 3.5M SF American Dream Mall in East Rutherford, N.J., has scored a four-year extension on its $1.7B debt to JPMorgan Chase and other lenders.
The biggest leases, loans and sales in New York City this week.
With capital in short supply and lenders looking for better yields, investors are increasingly pushing for debt-like risk and equity-like control.
Bisnow spoke with Michael Scott, co-managing partner at Nutter, to see how the economic climate has altered the way CRE deals are done in Boston.
Developers and architects are finding workarounds to add housing units in NYC, but their methods may not help the city’s housing crisis.
Occupancy, revenue and room rates have dropped as fewer travelers are coming to the city.
The facility will have a test kitchen and meeting rooms.
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