Super Green London Office Development Goes Into Receivership
A loan to a company owned by the Reuben brothers has gone into default.
A loan to a company owned by the Reuben brothers has gone into default.
Achieved values are significantly off previous levels but repricing has led to transaction volumes picking up in the retail sector.
As Baltimore office properties decline, worries about property tax revenue grow.
New data shows CRE distress could trigger $80B in bank losses, spurring a rash of potential failures.
Casey Keitchen and Art Waldrop have been named senior managing directors at Newmark.
Just 15% of the more than 2M SF underway is committed, far below the national average.
A multiyear extension was secured on the property at 375 Park Ave.
The value of older office buildings in big cities around the world has dropped.
SL Green secured 950K SF of offices leases in first half of the year, but its office occupancy fell to 89.8%, according to its Q2 earnings release.
Loudoun has experienced relatively low office vacancy and added occupancy this year, and its planned Metro-adjacent projects could help it land more tenants.
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