New MBTA Station, Highway Demolition Creating 2M SF Development Opportunity In Fall River

April 3, 2025 / no comments

A 19-acre waterfront site in Fall River could represent a new era of economic growth for the old industrial city in southern Massachusetts.
The site is becoming developable land thanks to the demolition of an elevated portion of the Route 79 highway, a $139M project that is close to completion. And last week, the city opened a new commuter rail station near the site that directly connects Fall River to Boston by train for the first time since the 1950s.
Local officials envision a 2M SF mixed-use development that could include 1,500 housing units on the site, Ken Fiola, executive vice president of…

Lenders Forcing Landlords To Swallow Higher Insurance Coverage Or Face Distress

April 3, 2025 / no comments

Commercial real estate distress has been on the rise as more property owners struggle to stay current with their loans. But the rising cost of insurance is adding a new threat for small landlords: having coverage forced on them by their lenders.
Insurance brokers and lenders expect to see more borrowers be subject to force-placed insurance — also known as collateral-protection, creditor-placed or lender-placed insurance — which is used by lenders to safeguard their investment when a borrower’s coverage lapses or doesn’t meet their requirements.

REPORT: Disney Leaving Century City’s Fox Lot By End Of The Year

April 2, 2025 / no comments

Walt Disney Co. will move out of the Fox Studio Lot, where it has been the primary occupant since 2019, the Los Angeles Times reported.
Disney bought most of 21st Century Fox’s entertainment assets in 2019 and moved into the lot, the LA Times reported. The transaction didn’t include studio real estate, which is still owned by Fox. 
Disney’s lease at the property expires in March 2026, but anonymous sources told the LA Times that Disney will be gone by the end of this year. 
The company has spent the last year moving into space in Burbank, where it has a considerable and longstanding footprint, the LA…

Brookfield Seeks Restructure Of £460M London Office Loan As Tenant Departs

April 2, 2025 / no comments

Canadian investor Brookfield has laid out a proposal to extend and restructure a loan secured against one of the largest office towers in the City of London.
Brookfield is seeking to extend £460M of debt secured against the 704K SF Citypoint office building. That comes the same week the building’s second-largest tenant said it would leave in 2030. 
Brookfield acquired Citypoint in 2016 for £607M by buying into its debt after it previously went into receivership.
New debt, a £368M senior loan that was securitised and a £92M mezzanine loan, was put in place in 2018. That senior loan was meant to mature in January 2022 but was…