Finance & Lending

Backers for the 5 Times Square loan, which runs through May 2026, include Morgan Stanley, Apollo Global Management Inc. and American International Group Inc. RXR and its partners have invested another $300 million to help renovate the site.

China’s distressed-debt managers have been in turmoil as aggressive lending to embattled developers and unchecked expansion into other areas during the sector’s boom years has beset the $730 billion funds with heavy credit losses.

Exclusive WMRE research shows how rising interest rates and macroeconomic concerns are affecting multifamily investors' ability access to capital.

Several recent conduits offer a glimmer of hope that the market will find its footing again.

KKR likened the high-yield trade to opportunities available in early 2020, when the onset of the global pandemic sparked a debt-market plunge.

We are seeing investors shift into smaller tertiary markets where competition is weaker, value-add properties where the potential for rent increases is higher.

The mall did not make an $8.8 million payment on municipal bonds that was due Monday.

The state will sell development rights to private developers and collect payments-in-lieu-of-taxes, known as PILOTs, on newly constructed and environmentally friendly office and residential buildings.

A bid/ask gap has emerged between buyers and sellers and real estate investors attempt to navigate the shifting economic climate.

Some buyers are trying to renegotiate prices, but a net result of recent moves could be a tightening in the spread between multifamily cap rates and yields on 10-year Treasuries.