176. New Year, Same Market Concerns; CMBS Delinquencies Rise, Office & Retail Layoffs, Closures
The TreppWire Podcast: A Commercial Real Estate Show
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Westfield Trumbull, South Shore, New York - The Green True Part of That
Westfield has been trying to get out of the mall space in the US for a year or 18 months. This week they sold two properties on Long Island, Connecticut and New York. The Avenue Forsyth loan that backed a $75 million CMBS loan missed its balloon date. CTO Realty growth acquired the asset for 96 million.
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