Net Lease

The $2 trillion economic stimulus package passed last week can reduce current tax liabilities and provide cash to taxpayers with net operating loss carrybacks.

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.

Taubman Centers has sent a letter to tenants informing them that they have to make their payments on time.

With the CMBS market frozen, lenders that rely on this exit strategy are staying put.