10 Must Reads for the CRE Industry on April 13, 2022
Office lease expirations pose a threat to landlords and lenders, efforts to make U.S. warehouses greener
Source: wealthmanagement.com
Page 2 - Maefield Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Top News In Maefield Development Today - Breaking & Trending Today
A building in Times Square aspires to be a marketing and arts tool | Building Design + Construction
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.
Source: bdcnetwork.com
Loan on Land Under Troubled Times Square Hotel Pitched for Sale
The $150 million loan on the land under Times Square Edition is up for sale as the property faces foreclosure
Source: wealthmanagement.com
Loan on land under troubled Times Square hotel pitched for sale
There is $900 million in debt on the land alone, including the $150 million junior loan that is for sale by Jones Lang LaSalle.
Source: nationalmortgagenews.com
Times Square Edition hotel moves step closer to foreclosure sale
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 reversal for a property viewed as a marquee development in Times Square. A 2018 appraisal valued the prope...
Source: crainsnewyork.com