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DBRS Morningstar published a commentary examining the effect of large weather systems on U.S. coastal regions and the risk of certain properties becoming uninsurable. Some of the key highlights of the commentary include: ....
After paying off millions in delinquent assessment fees for the Pittsburgh Mills mall in Frazer, owner Namdar Realty Group says it’s looking forward to the mall’s future but, so far, hasn’t said what that future will be. The Mills mall was scheduled for sheriff’s sale last week, but Namdar paid ....
Banks step up U.S property loan tweaks to limit defaults zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Banks are showing a growing willingness to rework the terms of U.S. commercial real estate loans to prevent defaults, mitigating near-term losses but also masking growing stress in some parts of the market. As U.S. commercial real estate has come under pressure, with offices and retail struggling in some areas as many people work from home, investors are worrying that losses for banks could add up to tens of billions of dollars. In recent weeks, banks have stepped up efforts to prevent such losses, according to commercial real estate (CRE) analysts and industry data. ....
Banks are showing a growing willingness to rework the terms of U.S. commercial real estate loans to prevent defaults, mitigating near-term losses but also masking growing stress in some parts of the. ....