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PREIT, owner of several area malls, exits bankruptcy

PREIT, owner of several area malls, exits bankruptcy

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ESR | February 26, 2024 | Bad commercial real estate loans put strain on banking system

ESR | February 26, 2024 | Bad commercial real estate loans put strain on banking system
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The Year In Bankruptcy: 2023 | Jones Day

One year ago, we wrote that 2022 would be remembered in the corporate bankruptcy world for the "crypto winter" that descended in November 2022 with the spectacular collapse of FTX...

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In Philly's Chinatown, a Community Workshop Envisions Alternatives to Sixers Arena

Chinatown residents are working on new proposals for the downtown strip where developers are planning a new basketball arena.

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ESR | February 5, 2024 | Could the commercial real estate sector kick off the next financial crisis?

ESR | February 5, 2024 | Could the commercial real estate sector kick off the next financial crisis?
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Firm Retention Summary: Pennsylvania Real Estate Investment Trust

This is a summary of a request from Pennsylvania Real Estate Investment Trust to hire DLA Piper as counsel, filed Dec. 19 with the U.S. Bankruptcy Court in…

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CMBS delinquencies drop but new bankruptcy shows issues persist

CMBS delinquencies drop but new bankruptcy shows issues persist
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Mortgage investor JER files for bankruptcy, is latest property firm to crash

Mortgage investor JER files for bankruptcy, is latest property firm to crash
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Another property firm files for bankruptcy as commercial real estate struggles

Will Kessler Daily Caller News Foundation JER Investors Trust, a mortgage real estate investment trust, filed for Chapter 11 bankruptcy on Friday, following other commercial real estate firms as the sector struggles with high interest rates and a lack of demand, according to Bloomberg. The firm filed for bankruptcy in Wilmington, Delaware, claiming more than…

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Mortgage Investor JER Files for Bankruptcy, Is Latest Property Firm to Crash

Mortgage Investor JER Files for Bankruptcy, Is Latest Property Firm to Crash
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