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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.
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.
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.
Amazon's ability to deliver products in the shortest possible time is putting intense pressure on the global retail industry and fundamentally changing the way supply chain management works.
Borrowers are reassessing their current deals in the pipeline amid the coronavirus pandemic, bearing down on the underwriting of assets and consulting with lenders on existing loans and new loans to close deals as quickly as possible.