Weekend Wrap-Up: The New Distressed Office Funds, CBRE's Large Loan Team, Seeking Climate Havens, and More

    [The $1B Question: Will the Money Raised for Distressed Office Be Successful?]( [As several $1 billion funds are raised to invest in distressed office, here’s a look at why capital is now flocking there.](   [How James Millon, Tom Traynor and Tom Rugg Turned CBRE Into a Large Loan Powerhouse]( [CBRE’s James Millon, Tom Traynor and Tom Rugg have used their skills and nine-person team to turn the firm into a large loan powerhouse.](   [‘Climate Havens’ Like Buffalo Lean Into Infrastructure and Policy]( [Cities like Buffalo and Duluth are touting their colder weather in a warming climate—while investing in resilient infrastructure and policy.](   [Nir Meir Indicted in $86M Fraud Case]( [Developer Nir Meir was indicted with several other real estate executives for allegedly stealing at least $86 million in a years-long fraud scheme.](   [Is Biodiversity The Next Big Thing in Sustainable Real Estate Development?]( [As biodiversity becomes a larger focus of climate advocates, real estate development could see more regulation.](   [Report: 80 Percent of CMBS Office Loans At Risk of Default or Workout in 2024]( [Moody’s Analytics study finds $5.6B of CMBS office maturities failed to pay off in 2023 and more are on the way in ’24.](   [Activists and NY Pols Pitch $5B State Agency to Develop Affordable Housing]( [New York housing activists and politicians hope to create a state housing development authority that would build subsidized housing on public land.](   [Adam Neumann Attempting to Buy WeWork Out of Bankruptcy]( [While Neumann coming back to WeWork would mark a homecoming, his time at the head of WeWork was marked by plenty of scandal.](   [Federal Prosecutors Round Up 70 NYCHA Employees in Bribery Crackdown]( [Federal prosecutors unsealed charges against 70 NYCHA employees in the largest-ever bribery crackdown in a single day.](   [Once Abandoned Victoria Theater in Harlem Reborn as Apartments and Hotel]( [The Victoria Theater on 125th Street in Harlem has been redeveloped into a hotel, affordable apartments and two new theaters.](   [View in Browser]( | [Advertise]( | [Forward to a Friend]( [Manage your email preferences or unsubscribe]( [Share your thoughts: Help us improve with our quick feedback survey!]( [Commercial Observer]( © Copyright 2024 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 02/10/2024