Maefield Development News Today

An extension on a $900 million CMBS loan for Maefield Development’s 20 Times Square property is now possible to avert foreclosure.

The suit alleges that the owner of 20 Times Square, home of the Times Square Edition hotel, defaulted on a $750 million loan in May.

The suit alleges that the owner of 20 Times Square, home of the Times Square Edition hotel, defaulted on a $750 million loan in May.

American performer Post Malone has helped launch the TSX Broadway venue in Times Square, New York City with a pop-up performance to promote his new album Austin which included the venues digital signage capacities and display technology from SNA Displays,…

The Port Authority of New York and New Jersey said it was expecting 4.1 million vehicles to cross its bridges and tunnels this holiday weekend.

Office lease expirations pose a threat to landlords and lenders, efforts to make U.S. warehouses greener

TSX Broadway is a 550,000-sf 46-story mixed-use tower that’s been under construction in New York City’s Times Square since 2019. A new Times Square tower wants to make some noise.

The $150 million loan on the land under Times Square Edition is up for sale as the property faces foreclosure

There is $900 million in debt on the land alone, including the $150 million junior loan that is for sale by Jones Lang LaSalle.

Email Address A foreclosure ruling typically allows a lender to immediately proceed with the sale of a property in order to recoup their investment. New York State Supreme Court Justice Joel M. Cohen scheduled a status conference between the parties for March 23 to decide to how to proceed, according to court documents. Representatives for Natixis and Marriott declined to comment. Maefield didn’t immediately respond to request for comment. A foreclosure sale would complete a startling reversa...