Commercial Real Estate Direct Staff Report Gurney’s Montauk Resort and Seawater Spa in the Long Island, N.Y., village of Montauk, has substantially underperformed expectations, impacting its ability to refinance its $217.5 million mortgage, which matured last month. The 99-year-old property, at 290 Old Montauk Road, had operated at a 59 percent occupancy level and generated […]

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