David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
Subject: Property Management (MGMT)
Trade Group Sees Quarter of NYC’s Hotels Closing Permanently in Next Year
The coronavirus pandemic could result in roughly a quarter of New York City's hotels closing permanently within the coming year, according to the Hotel Association of New York City. The trade group estimates that so far the pandemic has resulted ...
Lender Takes 1.4Mln-SF D.C.-Area Mall
Washington Business Journal New York Life Insurance Co. has taken the 1.4 million-square-foot Dulles Town Center Mall in Sterling, Va., in a deed-in-lieu of foreclosure. The lender has tapped Centennial Real Estate of Dallas to serve as the property's manager. ...
Ashford Hospitality Gives Up on 13 Hotels in 3Q, Expects More Transfers to Lenders
Ashford Hospitality Trust Inc. has transferred to its lenders 13 hotels with 2,127 rooms that backed $405.1 million of debt during the third quarter. The Dallas REIT expects to give up more properties, as they continue to face challenges as ...
Turnbridge Takes Over N.C. Office After Buying Junior Piece of Mortgage
Commercial Real Estate Direct Staff Report Turnbridge Equities has taken over the Tower at Mutual Plaza, a 180,000-square-foot office building next to the American Tobacco district of Durham, N.C., with help from financing from Knighthead Funding. The New York developer ...
Venture Takes Over Management of Starwood Capital Shopping Mall Portfolio
A venture of Golden East Investors and Pacific Retail Capital Partners has been selected to take over management of a portfolio of seven shopping malls that Starwood Capital Group had capitalized with an Israeli bond offering and a total of ...
Service Properties Warns Terminating Marriott Management Contract
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 warned that ...
Courtyard by Marriott Hotel in Manhattan to Close Permanently
The Real Deal Courtyard Management Corp. is permanently closing the 167-room Courtyard by Marriott hotel at 8 Herald Square in Manhattan. The New York company noted that the closure was due to "unforeseeable business circumstances prompted by Covid-19." The property, ...
Indoor Dining to Resume in New York City on Sept. 30
Commercial Observer Governor Andrew Cuomo announced that restaurants in New York City are allowed to resume indoor dining starting on Sept. 30. Restaurants will only be allowed to open at 25 percent capacity and they must install enhanced air filtration ...
New York City Malls Set to Re-Open Next Week
The Real Deal New York Governor Andrew Cuomo announced that malls in New York City can re-open on Sept. 9, but only at 50 percent capacity. Malls in other parts of the state were allowed to re-open in July. Indoor dining ...
Manhattan’s Hilton Times Square Hotel to Close in October
Commercial Observer The 478-room Hilton Times Square hotel in Manhattan is closing its doors permanently next month. Sunstone Hotel Investors owns the property, which serves as collateral for a $76.5 million loan that's securitized through Morgan Stanley Capital I Inc., ...
About
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.
