National

Real estate owner and developer BEB Capital has formed a new division offering bridge loans to meet the growing demand for last-mile distribution services. The new division will make loans on small to mid-sized assets on the East Coast, where BEB Capital operates.

A novel coronavirus has pushed the economy onto unfamiliar ground as the solid CRE industry assesses where this path ends up.

The REIT is acquiring the Tropicana Las Vegas hotel and casino and the land for Penn National's Morgantown, Pa., development for a rent payment of $337.5 million.

In addition, the REIT states that several planned portfolio sales will likely be delayed until later this year or next year due to the lack of financing available for hotel transactions.

The federal agency has posted a 45-minute webinar responding to a range of inquiries about privacy and disclosure, national origin and age discrimination, pregnant employees and other matters.

There are strong arguments that businesses should not be able to use a force majeure argument to throw away their contracts, write attorneys Ian Lis and Eli Gordon.