Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
February 22, 2024

Revealed: Related's $12B, 6.2M SF Hudson Yards Casino Proposal

CitizenM Hotel's Rani Gharbie Discusses National Investment & Development Approach Across Various Sectors April 18

One of the last big questions of the hunt for New York City's first casino license has been answered.

Revealed: Related's $12B, 6.2M SF Hudson Yards Casino Proposal

Related Cos. has formally requested permission to change its plans for the second phase of its $25B Hudson Yards project to include a casino, two supertall towers — one office, one hotel — and a 1,500-unit apartment building.The project, which…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Commercial Foreclosures Up 97% Year-Over-Year Commercial Foreclosures Up 97% Year-Over-Year
Starwood Property Trust Profit Drops, Sternlicht Blasts Fed Again For Monetary Policy Starwood Property Trust Profit Drops, Sternlicht Blasts Fed Again For Monetary Policy
Student Housing Pre-Leasing Breaks Record As The Sector Gains Momentum Student Housing Pre-Leasing Breaks Record As The Sector Gains Momentum
CoStar Losing One Of Its Top Execs As It Makes Big Spending Push CoStar Losing One Of Its Top Execs As It Makes Big Spending Push
Perforation

N.Y. Attorney General To Trump: Pay Up Or Lose Your Properties

N.Y. Attorney General To Trump: Pay Up Or Lose Your Properties

In the aftermath of last week’s historic civil fraud judgment against Donald Trump, New York Attorney General Letitia James has a message for the former president: If you don’t pay the fine, we’ll take your buildings.“If he does not have funds to pay off…

Read the full story here.

  Share:  

 
Perforation

Largest U.S. Hospital Landlord Reports $664M Loss, Plans To Sell Assets

The nation’s largest hospital landlord, Medical Properties Trust, on Wednesday revealed its losses from struggling tenant Steward Health Care are deeper than previously reported, and it is lending the operator more money as it tries to right the ship.

The REIT recorded $772M in write-offs and impairment charges primarily linked to Steward, it said in its fourth-quarter earnings release, and it said it agreed to provide another $37.5M in loans to Steward to keep its largest tenant operating. 

Largest U.S. Hospital Landlord Reports $664M Loss, Plans To Sell Assets

That comes after MPT said in January it recorded $350M in write-offs related to Steward, lent the operator $60M and hired a restructuring specialist, an announcement that ignited concerns over MPT’s financial health and business practices.MPT is working to shore up its finances and pay off its debts by generating $2B…

Read the full story here.

  Share:  

 
Perforation

In Case You Missed It...

Sites In NYC, Jersey City Planned For 1,000 Units Offered In Bankruptcy Sale Sites In NYC, Jersey City Planned For 1,000 Units Offered In Bankruptcy Sale
Supreme Court Declines To Hear 2 Challenges To Rent Stabilization Laws Supreme Court Declines To Hear 2 Challenges To Rent Stabilization Laws
This Week’s N.Y. Deal Sheet This Week’s N.Y. Deal Sheet
Engel Burman Files $22.5M Lawsuit Against Founder's Son In Family Feud Escalation Engel Burman Files $22.5M Lawsuit Against Founder's Son In Family Feud Escalation
Westfield Wants To Terminate Retail Lease At Fulton Center, Citing Safety Concerns Westfield Wants To Terminate Retail Lease At Fulton Center, Citing Safety Concerns
 
 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 74878