March 17, 2021, 12:00 PM
Glints of misery in industrial actual property are showing as extra resort and retail property loans get debt aid and are positioned on watch lists.
Fontainebleau Miami Seashore, a legendary Florida resort whose debt went to
Lodge occupancy dropped to 42.7%, versus an anticipated 76% price underpinning its mortgage, and its means to service debt fell beneath acceptable ranges. Its $975 million mortgage stays on watch by its servicer.
A $240 million mortgage bundling a