Financial storm bears down on US commercial real estate
Financial Times: Long-awaiting reckoning arrives as building loans come due.
Source: nzherald.co.nz
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Developer Duo to Recapitalize Bronx Properties
The developers have upgraded the affordable New York City assets. A joint venture between Nelson Management Group and The Vistria Group, with the former as managing general partner, has recapitalized Lafayette-Boynton Apartments and Promenade Apartments, a pair of affordable housing assets in the Bronx, N.Y.
Source: multihousingnews.com
Sunday Summary: Have You Called Your Mother? – Commercial Observer
Last week marked the official end of COVID-19 emergency, but office data is bad. Still, deals are being made.
Source: commercialobserver.com
NYC's Empty Office Buildings Lure Rich Families Hunting Bargains
With large institutional buyers pulling back on deals, high-net-worth families and little-known developers are bargain-hunting for Manhattan office buildings.
Source: wealthmanagement.com
Eastdil Secured's Will Silverman and Gary Phillips Don't Worry About New York – Commercial Observer
There's vast potential for investors in today's tumult, they say — and they've got receipts.
Source: commercialobserver.com