News & Events

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intelligence
briefing


September 25, 2017


Commercial Banking


Real Estate Finance

  • Steadfast REIT pays $43.5M for multifamily asset in Georgia


    Sep 22 -
    Steadfast Apartment REIT III acquired Ansley at Princeton Lakes, a 306-unit multifamily property, in Atlanta, Ga., for $43.5 million. Cushman & Wakefield represented the seller, PRP Real Estate Investment.

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  • HFF completes $21.1M sale of retail center in New Jersey


    Sep 21 -
    HFF arranged the $21.1-million sale of Commons at Hooper, a 120,349-square-foot shopping center in Toms River, N.J. HFF marketed the property in connection with bidding procedures in a Chapter 11 case. Unison Realty Partners and ALTO Real Estate Funds purchased the asset free and clear of existing debt.

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  • Forest City to sell interest in New York City retail portfolio for $1B


    Sep 20 -
    Forest City Realty Trust and Madison International Realty signed definitive agreements for Madison's acquisition of Forest City's 51% interest in a 2.1-million-square-foot, 12-asset retail portfolio located throughout Manhattan, Brooklyn, Queens, the Bronx, Staten Island and Northern New Jersey, for $1 billion. Final closing is expected in Q4.

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Commercial Bankruptcy

  • Zetta Jet files for bankruptcy


    Sep 18 -
    Luxury aviation charter company Zetta Jet filed for bankruptcy. According to court papers, the company reported between $50 million and $100 million in liabilities. Bombardier is listed as one of the company’s largest creditor and is owed $15.1 million. Zetta also owes World Fuel Services and Rolls-Royce more than $4 million in unpaid bills. The company also has no funds available to pay back its unsecured creditors after expenses.

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  • Toy 'R' Us files for Chapter 11 protection


    Sep 19 -
    Ahead of the key holiday shopping season, Toys ‘R’ Us filed for Chapter 11 bankruptcy protection in an effort to restructure its $5 billion debt. The company plans to continue operations during the process. The filing also only affects the company’s U.S. and Canadian businesses. Its other worldwide stores won't be affected.

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  • Toys 'R' Us considering Chapter 11 filing


    Sep 16 -
    Toy retailer Toys ‘R’ Us may file for bankruptcy over the next few weeks. The company and its advisors are considering filing for Chapter 11 to help address its approximately $5 billion in debt, $400 million of which comes due next year. The company currently operates more than 1,600 stores worldwide.

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