The Lede

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Sexual-Harassment Suit Naming Real-Estate CEO Goes to Arbitration
Wall Street Journal, Oct. 5, 2018--Esther Fung (subscription)The lawsuit, which also alleged wrongful termination and pay discrimination, was filed last year against Bruce Schanzer, CEO and president of Cedar Realty Trust Inc., a real-estate investment trust based in Port Washington, N.Y., that owns 61 shopping centers.
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Bridge Loans Can Be an Attractive Financing Strategy for Value-Add Investments
National Real Estate Investor, Oct. 5, 2018--Shahin Yazdi Bridge loans may be the right financing strategy for value-add investors with a clear plan to increase property income.
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Lennar Is in Advanced Talks to Sell Its Real-Estate Lending Unit, Rialto Capital
Wall Street Journal, Oct. 9, 2018--Craig Karmin, Laura Kusisto, Dana Mattioli (subscription)Lennar Corp. is in advanced talks to sell its real-estate lending unit, looking to offload the business at a time when the nation's largest home builder and its peers are struggling alongside a stagnant housing market. The Miami-based company is in discussions with the private-equity firm Stone Point Capital LLC for the sale of Rialto Capital.
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Sears Hires Advisers to Prepare Bankruptcy Filing
Wall Street Journal, Oct. 9, 2018--Suzanne Kapner, Lillian Rizzo, Soma Biswas (subscription)Sears Holdings Corp. has hired M-III Partners LLC to prepare a bankruptcy filing that could come as soon as this week, as the cash-strapped company that once dominated American retailing faces a debt payment deadline.
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Real Estate Backed Loans Stage Comeback in CLO Surge
Wall Street Journal, Oct. 10, 2018--Matt Wirz (subscription)Wall Street is cooking up a new type of mortgage-backed security for bond investors: the commercial real estate collateralized loan obligation, or CRE CLO.
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