Recently, two significant distressed companies with thousands of commercial leases, Rite Aid Corp. and WeWork Inc., each filed Chapter 11 bankruptcy cases, seeking in part to rationalize their geographic footprints through...more
1/11/2024
/ Bankruptcy Appellate Panel (BAP) ,
Bankruptcy Code ,
Chapter 11 ,
Commercial Bankruptcy ,
Commercial Leases ,
Commercial Tenants ,
Debtors ,
Jurisdiction ,
Popular ,
Property Surrender ,
Rent ,
Rent Increases ,
Security Deposits ,
Standby Letters of Credit ,
Tenants ,
Unsecured Debt
In light of significant deterioration in cash flows and asset values in many classes of real estate caused by the COVID-19 pandemic, many real estate lenders are finding some of their otherwise well-underwritten loans to be...more
5/21/2020
/ Borrowers ,
CMBS ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Foreclosure ,
Lenders ,
Mezzanine Lenders ,
Mortgages ,
Private Equity ,
Real Estate Investments ,
Real Estate Market
As the Coronavirus (COVID-19) continues to disrupt travel and almost every other aspect of day-to-day life, the hospitality industry faces unprecedented challenges. Hotel closings, employee furloughs and other drastic...more