The private equity firm First National Realty Partners (FNRP) has completed its acquisition of Horizon Village, a 113,252-square-foot shopping center in Phoenix. The financial terms of the acquisition were not disclosed. The transaction marks the firm’s entrance...
The Naftali Group, a Manhattan-based developer, is partnering with the investment firm Access Industries on Williamsburg Wharf, a Brooklyn waterfront development consisting of five 22-story residential towers encompassing 850 condominium units. The new development is...
The commercial mortgage-backed securities (CMBS) delinquency rate surged in April by 40 basis points to 5.07%, according to new data from Trepp Inc. This marked the highest delinquency rate level since the 5.35% that was recorded in September 2021. “The increase was...
To the surprise of no one, the Federal Reserve has opted to maintain interest rates at the current level. The central bank’s policymaking Federal Open Market Committee stated it would keep the target range for the federal funds rate at 5.25% to 5.5%, a 23-year high;...
Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) have completed their previously announced plan in which Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust Inc. acquired all the outstanding common shares of Tricon for...
Hits and Misses for the Real Estate Week of June 29-July 3
