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ArborCrowd's Adam Kaufman Talks Crowdfunding Caution During COVID-19
News 1 month ago
ArborCrowd's Adam Kaufman Talks Crowdfunding Caution During COVID-19

As the industry continues to experience shockwaves as a result of the coronavirus pandemic, many market participants have put deals on pause....

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Borrower on CMBS Hotel Portfolio Loan Requests 18-Month Forbearance
News 1 month ago
Borrower on CMBS Hotel Portfolio Loan Requests 18-Month Forbearance

Ashford Hospitality Trust is asking for an 18-month debt payment deferral on a $50 million CMBS conduit loan secured by three Marriott...

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CREFC’s Justin Ailes is the Lobbyist Par Excellence of the Finance Industry
News 1 month ago
CREFC’s Justin Ailes is the Lobbyist Par Excellence of the Finance Industry

Earlier this year, Justin Ailes joined the CRE Finance Council as managing director and lobbyist in its policy and government relations group,...

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'No Way to Sugarcoat This,’ CA's Road to Recovery Will be Long
News 1 month ago
'No Way to Sugarcoat This,’ CA's Road to Recovery Will be Long

Southern California and state officials are assessing the damage and preparing for a "new normal" as they begin to formulate plans to phase in the...

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Panera Bread, H&M, Foot Locker and Others Paying Zero in April Rent
News 1 month ago
Panera Bread, H&M, Foot Locker and Others Paying Zero in April Rent

With much of the nation in lockdown since March, many retail companies, from beloved local bars to ubiquitous fast-food chains, skipped their April...

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Neiman Marcus Prepping for Bankruptcy Filing, Report Says
News 1 month ago
Neiman Marcus Prepping for Bankruptcy Filing, Report Says

Luxury retailer Neiman Marcus, hindered with billions of debt, could file for bankruptcy as soon as this week because of the economic impact caused...

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CMBS Borrower Relief Inquiries Continue to Climb, Surpass $100B
News 1 month ago
CMBS Borrower Relief Inquiries Continue to Climb, Surpass $100B

The number of commercial mortgage-backed securities (CMBS) borrowers who are searching for relief from their servicers nearly doubled in the first...

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IRS Extends Timeline for 1031 Exchanges
News 1 month ago
IRS Extends Timeline for 1031 Exchanges

New guidelines from the Internal Revenue Service extend the timeline for several time sensitive tax programs, including 1031 exchanges and...

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Abercrombie & Fitch Furloughs Nearly 1,200 NYC Workers
News 1 month ago
Abercrombie & Fitch Furloughs Nearly 1,200 NYC Workers

Clothing retailer Abercrombie & Fitch furloughed 2,670 retailer workers in New York State, with 1,166 of the job losses in New York City, as the...

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Movie Theaters are Reeling. It’s Only Going to Get Worse.
News 1 month ago
Movie Theaters are Reeling. It’s Only Going to Get Worse.

On April 10, the much anticipated "Trolls World Tour" made its world premiere, but without a red carpet or flashing camera bulbs, the glitz and...

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Trump’s Economic Recovery Council Includes His Real Estate Allies
News 1 month ago
Trump’s Economic Recovery Council Includes His Real Estate Allies

President Donald Trump's hastily assembled economic recovery taskforce, known as the "Opening the Country Council," includes several of his real...

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Le Pain Quotidien has Laid Off All CA Employees Amid Shutdown
News 1 month ago
Le Pain Quotidien has Laid Off All CA Employees Amid Shutdown

In the wake of the statewide economic shutdown, Le Pain Quotidien has laid off all of its employees in California, Commercial Observer has learned....

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JEMB Realty Denied COVID Relief for 75 Broad Street
News 1 month ago
JEMB Realty Denied COVID Relief for 75 Broad Street

JEMB Realty requested COVID-19 relief for its office property at 75 Broad Street and was denied, according to servicer watchlist notes provided by...

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U.S. Retail Sales Plummets a Record 8.7 Percent Due to Coronavirus
News 1 month ago
U.S. Retail Sales Plummets a Record 8.7 Percent Due to Coronavirus

The coronavirus pandemic caused retail sales in the United States to drop a record 8.7 percent during March, the largest month-to-month decrease...

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Media Firm Uproxx Signs Lease at 161 Bowery
News 1 month ago
Media Firm Uproxx Signs Lease at 161 Bowery

The pop culture website Uproxx signed a three-year lease at Marx Realty's 161 Bowery on the Lower East Side, the landlord announced. Uproxx, a...

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Hunt Real Estate Capital Lends $27M on East Tennessee Multifamily Buy
News 1 month ago
Hunt Real Estate Capital Lends $27M on East Tennessee Multifamily Buy

StoneRiver Company, a Birmingham, Ala.-based multifamily investor and manager, as nabbed just under $27.4 million in bridge debt from Hunt Real...

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Juggling Business with Kids in the Background
News 1 month ago
Juggling Business with Kids in the Background

The real estate can be a challenging industry at the best of times. The work is complex, and the competitors are both numerous and clever. But the...

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Striking a Balance Between Tenants, Landlords and Lenders
News 1 month ago
Striking a Balance Between Tenants, Landlords and Lenders

The effects of the coronavirus have begun to ripple through the commercial real estate world. Last month, restaurant chain The Cheesecake Factory...

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Managed by Q’s Staff Hit With Another Round of Layoffs
News 1 month ago
Managed by Q’s Staff Hit With Another Round of Layoffs

Office management platform Managed by Q was hit with another round of layoffs this week as its new owner Eden tries to cut costs to survive the...

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Proptech Faces a New Coronavirus Reality
News 1 month ago
Proptech Faces a New Coronavirus Reality

The seven fat years are over. Up until March, it was a proptech founder's world. Entrepreneurs could demand tens of millions for their flexible...

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Silverstein's Marty Burger Latest Real Estate Exec With Coronavirus
News 1 month ago
Silverstein's Marty Burger Latest Real Estate Exec With Coronavirus

Marty Burger, one of the giants of the real estate industry, is revealing that he tested positive for coronavirus last month on Commercial Observer...

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Investment Funds Bulk Up in Preparation for Crisis Opportunities
News 1 month ago
Investment Funds Bulk Up in Preparation for Crisis Opportunities

J. P. Morgan Asset Management is seeking to raise between $5 billion and $10 billion to capitalize on the shifting market, and opportunistic debt...

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Bank OZK, EverWest Provide $305M in Debt for Bronx Logistics Facility
News 1 month ago
Bank OZK, EverWest Provide $305M in Debt for Bronx Logistics Facility

Innovo Property Group and Square Mile Capital Management have closed $305 million in construction financing for their development of 2505 Bruckner...

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Architecture Firm Gluck+ Stays Put in West Harlem
News 1 month ago
Architecture Firm Gluck+ Stays Put in West Harlem

Architecture firm Gluck+ has renewed and expanded its lease at Janus Property Company's Manhattanville Factory District in West Harlem, the...

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JV Nabs $28M From Kearny Bank to Finance Manhattan Rental Portfolio
News 1 month ago
JV Nabs $28M From Kearny Bank to Finance Manhattan Rental Portfolio

Fairfield, N. J.-based Kearny Bank has lent $28.3 million to a joint venture between R.E.M Residential and J.H. Taylor Construction to finance a...

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Trump DC Hotel Sale Put on Hold
News 2 months ago
Trump DC Hotel Sale Put on Hold

The Trump Organization's attempt to sell the leasing rights to the 263-key Trump International Hotel in Washington, D. C. is currently on pause due...

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Columbia Property Trust Unloads Pasadena Office Complex
News 2 months ago
Columbia Property Trust Unloads Pasadena Office Complex

Columbia Property Trust, Inc., announced on Tuesday that it sold a three-building office complex in Los Angeles' Pasadena for $78 million. The...

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Grocer Dean & Deluca Files for Bankruptcy With Plans to Come Back
News 2 months ago
Grocer Dean & Deluca Files for Bankruptcy With Plans to Come Back

Gourmet grocer Dean & Deluca - long a fixture of Soho - filed for bankruptcy with plans to reopen its shuttered stores, Bloomberg first reported....

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WeWork Sells Social Network Meetup to Venture Capital Firm AlleyCorp
News 2 months ago
WeWork Sells Social Network Meetup to Venture Capital Firm AlleyCorp

Coworking giant WeWork sold social network Meetup - which provides a platform for people to organize in-person events - to venture capital firm...

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Restaurant and Hotels to Lay Off Thousands of Workers in New York City
News 2 months ago
Restaurant and Hotels to Lay Off Thousands of Workers in New York City

The numbers are starting to come in on cuts to New York's restaurant and hotel workers, and it's not pretty. Restaurant and hotel owners in New...

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