Commercial Real Estate Direct Staff Report The volume of Freddie Mac apartment loans that have terminated their forbearance agreements, by paying off any amounts due, last month exceeded the volume of loans requesting forbearance As a result, the...
Service Properties Trust, the former Hospitality Properties Trust, said it has requested that Marriott International Inc, which manages 122 of its hotel properties, pony up the $11 million to cover missed payments it owes under its agreement It...
Commercial Real Estate Direct Staff Report Prices for commercial properties increased marginally last month, according to Real Capital Analytics‘ Commercial Property Pricing Index, halting what had become a four-month decline in pricing...
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency as of the end of last month classified 4,964 CMBS loans with a balance of $9293 billion, or 2735 percent of the non-defeased loans in the CMBS 20 universe, as Kroll-Loans of...
A total of 488 CMBS loans with a balance of more than $13 billion - roughly 2 percent of the CMBS universe rated by Fitch Ratings - have been granted some sort of relief, from payment deferrals to maturity extensions The overwhelming majority of...
Crain’s New York Business The New York Hospitality Alliance found that 87 percent of the restaurants in New York City did not pay all the rent they owed last month Meanwhile, 60 percent of landlords who rent space to restaurateurs didn’t...
Condor Hospitality Trust Inc, which more than a year ago had agreed to be acquired by NexPoint Hospitality Trust, said it has terminated the deal because its suitor had failed to complete its purchase Condor, a Norfolk, Neb, company formerly known...
Occupancy rates for US hotels fell to 485 percent for the week ending Sept 12 from 494 percent the previous week, according to the latest data from STR Hotels nationwide sold 177 million total room nights, down from the 18 million room nights sold...
Commercial Real Estate Direct Staff Report Resource Real Estate has proposed merging three non-traded apartment REITs it manages, creating a portfolio of 51 properties with 14,995 units in 15 states valued at $3 billion The resulting company’s...
Commercial real estate analysts expect a sharp increase in distressed properties coming to the sales market next year, thanks to the havoc wreaked by the Covid-19 pandemic It's not a question of whether or not the market will see an influx of...
