Tag: industrial real estate
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Do Not Disturb: Tenants brace for more office landlords to go belly up on their property debts
[ad_1] It used to be that building owners worried about tenants not paying rent. But as U.S. landlords struggle to fill half-empty offices, tenants increasingly have been asking for safeguards in case a property owner defaults, which can throw a building into foreclosure and put lenders in charge. When renewing a lease or looking to…
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WeQuit: WeWork bonds sink after top executives resign from cash-burning company
[ad_1] WeWork Inc. bonds have been sinking deeper into distressed territory after two top executives left the company on the heels of a complex debt restructuring. WeWork’s roughly $163 million of 7.875% bonds due May 2025 were trading hands at about 45 cents on the dollar on Thursday, down from about 55 cents in mid-May,…
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Debt on trophy office buildings is starting to buckle as loans come due
[ad_1] The financial fallout from half-empty U.S. office buildings has begun to be reflected in prices for bonds backed by luxury office buildings. From New York City’s famed Park Avenue to San Francisco’s California Street, properties long considered fortress investments are reeling as efforts to return more staff to office buildings in big cities stall.…
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Bed Bath & Beyond: These retailers could pick up the company’s bones
[ad_1] Bed Bath & Beyond Inc.’s bankruptcy could benefit a host of retailers, according to data from analytics company Placer.ai. The struggling home goods retailer and sometime meme stock darling filed for Chapter 11 last month, and the company’s bankruptcy is likely to benefit two categories of retailer, according to Placer.ai. “First, chains looking to expand their brick-and-mortar…
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Google puts 80-acre megacampus on hold
[ad_1] Google has halted construction of a proposed 80-acre megacomplex in San Jose, Calif., with no plans to revive the project anytime soon. The stalled project — which won approval nearly two years ago and would have had an estimated economic impact of $19 billion in the region — is the latest apparent victim of…
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My daughter owes her former landlord $5,000 for water damage, even though they ignored her requests to fix it. What can she do?
[ad_1] My daughter moved out of an apartment in 2021, and moved out of state. When she moved back home to Maryland, she tried to find an apartment. Unfortunately, she has been unable to find one because her former landlord said that there was water damage in the kitchen under the sink and between the…