ATLANTIC CITY-As part of a move to pull TER out of bankruptcy, billionaire investor Carl Icahn has acquired a majority of the casino company's senior debt owed to Beal Bank.
ELMWOOD PARK, NJ-'I do see some distress sales--real estate asset and notes--but not to the voluminous level that most investors were waiting on the sidelines to see,' says Gebroe-Hammer's Ken Uranowitz.
ELMWOOD PARK, NJ-'I do see some distress sales--real estate asset and notes--but not to the voluminous level that most investors were waiting on the sidelines to see,' says Gebroe-Hammer's Ken Uranowitz.
EAST RUTHERFORD, NJ-Tenant Baby Playtime secured a 38,317-square-foot space for five years at Safer Development's 340,000-square-foot industrial facility.
RIDGEFIELD PARK, NJ-The deal marks a turnaround for the former REO asset, which had been listed on Real Capital Analytics' "Trouble Asset Radar" earlier this year.
BEDMINSTER, NJ-'The outsourcing will enable Advance to focus on asset management for its properties, including leasing, financing and ongoing reinvestment strategies,' says Advance's Kurt Padavano.
WAYNE, NJ-'Unprecedented high vacancy rates are forcing many landlords to lower their asking rates to incentivize and attract new tenants,' says NAI's W. Joshua Levering.