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.
Some firms are augmenting their in-house acquisition efforts by working with third-party firm that leverage data to help find deals.
WMRE Editorial Director David Bodamer is joined by Dan Gorczycki, managing director with True Rate Services.
For China, the risk of contagion far outweighs any potential damage from an Evergrande collapse on its own.
Buyers pulling the trigger on full-service hotels indicate confidence that business and convention travel will rebound in 2022.
Industrial occupiers would rather pay more for rent than for transportation costs.
