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Citigroup, J.P. Morgan, and Argentic provided the refinancing while Walker & Dunlop arranged the deal.
Tower 16 is entering the Reno market with this deal as well as returning to Nevada.
It's all about a complex CRE deal that isn't doing anywhere near as well as the planners figured.
Delinquency rate fluctuations in the property type are growing.
CMBS delinquency rates are generally low compared to prior crises.
Macy's is closing 150 stores. What does that say about retail?
Vacancies rose in every region of the country and in almost every market, partly driven by 607 million SF of new development
Adaptive reuse has become popular in the industry. But there are complications.
Increased menu prices drove sales growth and operators saw strong demand.
Decision follows Supreme Court declining to hear appeal of NYC's 2019 rent control law.