Commercial Real Estate Direct Staff Report Urban Edge Properties has lost the Kingswood Center mixed-use property in Brooklyn, N.Y., to foreclosure. The New York REIT had purchased the property, at 1630 East 15th St. in the borough’s Midwood section, in 2020 for $88.8 million, subject to the assumption of a $65.5 million mortgage that was securitized […]

The post Urban Edge Loses Brooklyn, N.Y., Mixed-Use Property to Foreclosure appeared first on Commercial Real Estate Direct.