Commercial Real Estate Direct Staff Report SL Green Realty Corp has denied claims by PWM Property Management, an affiliate of the owner of Manhattan’s 245 Park Ave, that it’s at fault for vacancies the property is facing PWM, an...
The Real Deal The Moinian Group has settled its lawsuit with the National Basketball Association over unpaid rent at 545 Fifth Ave in Manhattan The New York company, which owns the building, had filed the suit in June 2020, claiming the professional...
The $36 million CMBS loan against the 212-unit SkyLoft Austin student-housing property near the University of Texas-Austin campus is now more than 30 days late The property was owned by Nelson Partners Student Housing, which has been accused by...
Crain’s New York Business Westfield has sued Starbucks over $52 million in unpaid rent at the World Trade Center Mall in Manhattan The coffee retail chain has remained close since March 2020, which is in violation of its lease agreement,...
Crain’s New York Business Cara Investment GmbH has filed a lawsuit claiming that Equinox owes $33 million in unpaid rent for the space it leases at the 70,000-square-foot office and retail building at 670 Broadway in Manhattan The German company...
Commercial Real Estate Direct Staff Report Last week’s extension, through October 3rd, of a federal moratorium against the evictions of apartment tenants for non-payment of rent won’t have too much of an impact on institutionally-owned...
Commercial Observer Judge Debra A James of the New York State Supreme Court has ruled that the Gap Inc owes $24 million in missed rent, interest and attorney fees for the 60,000 square feet of space it leases at the 160,000-sf building at 1530...
Commercial Real Estate Direct Staff Report The Biden administration this week enacted a moratorium against residential evictions through Oct 3 in areas of the United States that have seen substantial or high rates of coronavirus cases in recent...
Crain’s New York Business Vornado Realty Trust has sued Archegos Capital Management, claiming the hedge fund owes $159,16555 in unpaid rent and other fees at 888 Seventh Ave, an 886,000-square-foot office building in Manhattan Archegos began...
Two executives of the entity that owns a dozen medical-office properties in New Jersey and Florida, whose $7767 million of CMBS financing has been in special servicing for two full years, are alleged to have misrepresented the properties' financial...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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