Bloomberg

Short sellers are starting to build up wagers against CMBX 9, which has outsized exposure to hotel debt.

Year-to-date through July, hotel prices fell 4.4 percent, retail prices 2.8 percent office prices 0.9 percent, according to Real Capital Analytics.

The recently launched company would like to make 15 or more acquisitions across the U.S. over the next year.

New York’s rate of positive Covid-19 tests fell to the lowest since the pandemic began last week. Yet tourism is down, crime is up and as many as a third of the city’s small businesses may never reopen.

Led by loans backed by hotel and retail properties, $54.3 billion in CMBS debt has been transferred to workout specialist since March.

The hedge fund wants to sublet about 30,000 sq. ft. of its 50,000-sq.-ft. offices at the NYC skyscraper.

The REIT plans to transfer the branding and management of the 103 hotels to Sonesta International Hotels Corp. by December.

The state is investigating whether the Trump Org. inflated the value of assets to secure favorable loan terms.