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Commercial Real Estate And The Coronavirus Stimulus Bill | Tonkon Torp Llp

On Wednesday evening the Senate passed a $2 trillion stimulus package. Below are some highlights relevant to commercial real estate: •$350 billion in federally guaranteed loans for small businesses that pledge not to lay off their workers. The...By: Tonkon Torp LLP.
Read by 74% of LPs 10 hours, 9 minutes ago

Hedge Fund Fir Tree Puts $410M Dislocation Fund To Work

After years of waiting and watching from afar, hedge fund Fir Tree Partners is spending $410 million from its dislocation funds on stocks, pockets of the credit market and other securities, sure the...
Read by 36% of LPs 10 hours, 14 minutes ago

The Blackstone Group: Coffee Day Repays Rs 1,644 Crore To Lenders From Sales Proceeds Of Tech Park, Real Estate News, Et Realestate

CDEL in September last year had announced the sale of its Global Village Tech Park in Bengaluru to global investment firm Blackstone and realty firm Salarpuria Sattva at an enterprising value of Rs 2,700 crore.
Read by 39% of LPs 20 hours, 14 minutes ago

Strong Pre-crisis Real Estate Fundamentals Will Help Sector Navigate Current Volatility | Nareit

CBRE Chief Global Economist and Head of Americas Research Richard Barkham and CBRE's Head of Occupier Research, Americas, Julie Whelan, joined the REIT Report on March 27 to talk about the economy, commercial real estate, and the impact of the coronavirus pandemic.
Read by 47% of LPs 21 hours, 14 minutes ago

Nyc Investment Sales March 2020: Crown Heights

Just one property traded hands in New York's mid-level investment sales market last week, at a time when the city is trying to grapple with the deepening coronavirus outbreak. Here are the details of the sale: An LLC based in Bedford-Stuyvesant purchased a four-story hotel in Crown Heights for $10 million. The seller was an LLC linked to the real estate and hospitality investment firm RiverBrook Equities. The hotel is at 1412 Pitkin Avenue, and The post Crown Heights hotel marks lone mid-market deal this week appeared first on The Real Deal New York.
Read by 52% of LPs 22 hours, 44 minutes ago

Seven Must Reads For Cre Investors On March 28, 2020 | National Real Estate Investor

Grocers get a preview of consumer demand shifting to buying food online amid the coronavirus, according to the Wall Street Journal. WeWork demands tenants continue to pay rent at locations that remain open, reports Forbes. These are among this weekend's must reads from around the commercial real estate industry.
Read by 68% of LPs March 27, 2020

Things To Consider Before Terminating Your Real Estate Transaction | Allen Matkins

Given these uncertainties, the natural inclination may be to terminate pending real estate transactions. Get the deposit back. Take your losses and run. Stay out of the market until things rebound. However, in many instances canceling transactions...By: Allen Matkins.
Read by 54% of LPs March 27, 2020

Bill Ackman Says His Cnbc Interview Was Bullish, Denies Harming Market

Pershing Square Capital manager Bill Ackman defended his emotional CNBC appearance last week after his fund announced a few days later that it made more than $2 billion on bets against the markets. The investor warned in the interview that "hell is coming" and that hotel stocks could go to zero. "Shortly after the show, I heard that some had interpreted my remarks as being very bearish on the market," Ackman told investors on Thursday. "The idea that my appearance pushed the market down an additional 4% that day is absurd."
Read by 61% of LPs March 27, 2020

Pushed By SoftBank, Oyo Reaches For Profitability

Hotel chain Oyo, which became one of the largest chains by offering hotel owners guaranteed revenues for carrying the brand, will phase out that incentive in a push to find profitability, according to a report.
Read by 46% of LPs March 27, 2020

Tampa Commercial Real Estate Wrap-up - March 2020

Sarasota property sells for $50 million. Summit Holdings breaks ground on HQ. Read our March selection of Tampa must-knows. : Tampa had an active start to March: Several major deals closed, and construction work kicked off at a new corporate headquarters in Lakeland. Coworking also continued on its growth trajectory, with another lease inked in the city's Channel District. However, uncertainty is on the horizon as the novel coronavirus' impact on the market has yet to be fully realized.
Read by 78% of LPs