With the continuing retail bankruptcies, store closures and the overall upheaval in the physical retail sector, do investors still have interest in buying U.S. malls?
HALL Structured Finance is an entrepreneurial, value-add, direct private lender that provides ground-up construction, adaptive reuse and major asset repositioning for commercial real estate projects throughout the United States.
The resilience of co-working operators in an economic downturn or recession is debatable. “Most companies are tethered to lease obligations for six to 15 years, and to pay an early termination fee is cost-prohibitive,” says Scott Homa, senior vice president and director of U.S. office research with real estate services firm JLL. "So, the idea that coworking space would flourish in a downturn is not born out by past experience.”
Blackstone Group Inc. agreed to buy a 65% controlling interest in waterpark operator Great Wolf Resorts Inc. from Centerbridge Partners and the two firms will form a $2.9 billion joint-venture to own the company.
Xenia Hotels & Resorts Inc. is seeking a buyer for seven Kimpton hotels, which could fetch about $500 million, according to people with knowledge of the matter.
MGM reaches a settlement with victims of the 2017 Las Vegas shooting, reports the Wall Street Journal. Bed, Bath & Beyond ups its planned store closings, according to USA Today. These are among today’s must reads from around the commercial real estate industry.
