Avangrid's cancellation of offshore power contracts to cost it $48 million
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Source: bostonglobe.com
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CRE Dominos Fall: Starwood Defaults On $212.4 Million Atlanta Office Tower
CRE Dominos Fall: Starwood Defaults On $212.4 Million Atlanta Office Tower Starwood Capital Group has defaulted on a $212.5 million mortgage backed by an…
Source: biztoc.com
Company Defaults on $212 Million Loan After CEO Warns of Economic 'Suicide'
Economists have warned of a commercial real estate crash, and the Federal Reserve could raise interest rates twice more this year.
Source: newsweek.com
10 Midweek Must Reads for Real Estate Investors on July 19, 2023
CRE loan distress rose in large metro areas in June, how a record-breaking Miami land sale collapsed
Source: wealthmanagement.com
Commercial real estate billionaire Barry Sternlicht's firm just defaulted on a $212.5 million Atlanta office tower
Corporate landlords have stopped making payments on office buildings they’ve deemed to be money-losers as vacancies increased due to remote work.
Source: fortune.com