Nordic companies might sell as much as $50 billion of bonds this summer, driven in large part by property debt.
A lot more is riding on the plan for a skyscraper atop the Herald Square store than an office tower and neighborhood revitalization.
There are some concerns about potential overbuilding, but by and large investor interest in the sector has returned to pre-pandemic levels.
Multiple stakeholders claim the incentive makes solar cheaper for those who can already afford the systems, but drives up power bills for those who can’t.
The loss is the largest loss in both dollar amount and percent of original loan balance for a CMBS loan since the 2008 crisis.
The company's current leadership’s CRE experience and a new structure for going public make success more likely in 2021.