CRE Wire

The delay in office returns has led to a high number of vacant storefronts in Midtown Manhattan, reports CNBC. The end of the eviction ban has not so far resulted in the expected spike in evictions, according to The Associated Press. These are...

Elliott is a top holder in the REIT and the Florida-based hedge fund has met with the company’s board to discuss a strategic review.

The Real Deal recaps the recent battle between Sam Zell and Barry Sternlicht to buy Monmouth. Bisnow looks at how family-run real estate firms are positioned for the industry’s future. These are among today’s must reads from around the commercial...

While the new policy stops short of a mandate, it provides a financial incentive to get the shots and return to the workplace.

U.S. companies are beginning to switch from LIBOR to SOFR as an interest rate benchmark, reports The Wall Street Journal. Forbes looks at 2021’s wealthiest real estate tycoons. These are among today’s must reads from around the commercial real...

U.S. companies are beginning to switch from LIBOR to SOFR as an interest rate benchmark, reports The Wall Street Journal. Forbes looks at 2021’s wealthiest real estate tycoons. These are among today’s must reads from around the commercial real...

The company entered into an amended mezzanine debt facility with a $3 billion limit.

The $600 million seven-year loan will be benchmarked to the Secured Overnight Financing Rate.

The U.S. Treasury Department plans to claw back federal assistance funds from groups that haven’t distributed enough money and redistribute them to communities in need, reports The Wall Street Journal. Pensions & Investments found real estate...

The mezzanine loan on the land beneath Times Square Edition, with a 5.1 percent interest rate, is in the “fulcrum position” of the debt stack.