Simon’s and Brookfield’s investments in bankrupt tenants are relatively small in dollar volume. But the deals can give the mall landlords critical control of the real estate involved.
L’ERMITAGE BEVERLY HILLS HOTEL - COURT ORDERED SALE Rare investment opportunity! The boutique L’Ermitage Beverly Hills Hotel embodies the spirit of a sophisticated gracious urban residence. Its acclaimed private dining experience, meeting spaces, stunning rooftop pool retreat, and spacious impeccably-outfitted guestrooms offer an incomparable first-class experience, a short stroll from the renowned Rodeo Drive. Auction: 8/19, Min Bid: $104,000,000.
While many investors wait on the sidelines, now is the time to be aggressive in buying vintage multifamily. There’s going to be a significant shift towards these garden-style communities as they offer more opportunities for social distancing with open space, lower density, and outdoor access, as well as greater air circulation compared to high-rises with closed hallways and elevators.
It’s been difficult for small businesses just to survive through a pandemic that shut them down for months. In states where virus cases are spiking, the frustration is multiplied exponentially.
Washington lawmakers introduced a bill that would create a government-backed funding vehicle for struggling CMBS borrowers, according to the Wall Street Journal. Retailers that have introduced policies requiring masks in stores are finding them challenging to implement, reports The New York Times. These are among today’s must reads from around the commercial real estate industry.
