Globest Sectors

The $13 million, mid-construction loan will fund the completion of the townhouse community, Moderna at Rittenhouse, in Philadelphia, PA.

Loan term sheets for identical assets are coming back varying 50 to 100bps on interest rate, as well as seeing material changes in amortization schedules and recourse requirements.

The sale/leaseback financial arrangement may also be able to provide the tenant with more favorable rent terms thanks to record-low interest rates.

GlobeSt.com chats with CEO Sandy Sigal about the company's efforts focusing on the relationship between neighbors, tenants and shopping centers and why it is now more important than ever.

GlobeSt.com exclusively learns that the borrower was a Boston-based joint venture between Redgate Capital Partners LLC and TransDel Corp.

While many companies are declaring they plan to shift to permanent remote workers, others believe that these companies will change their footprint to focus on suburban locations.

Venus Over Manhattan is basing its arguments on "frustration of purpose" and "impossibility of performance" to free itself of the lease and get its deposit back.

A Coral Gables hospitality attorney who is helping retailers stay afloat during the coronavirus economic crisis says the next step is to reconcile the opposing concepts of social distancing and profits.