Rescue capital is a more efficient and cost-effective way to recapitalize a real estate asset. Distressed situations can often be remedied without any further action being necessary.
American Dream’s owner Triple Five Group agreed to make the payments in lieu of real estate taxes to the borough of East Rutherford on land surrounding the mall in exchange for rights to build a hotel, minor league baseball stadium and offices.
Fundrise’s CEO Ben Miller talks to The Real Deal about switching gears to the real estate debt markets. Ross Stores plans to open 100 new stores this year, reports Chain Store Age. These are among today’s must reads from around the commercial real estate industry.
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