Tishman Speyer has secured a $3.5 billion commercial mortgage-backed securities (CMBS) loan to refinance Rockefeller Center. The loan is said to be the largest issuance ever for a single office asset – in this case, the 13-building, 7.3 million-square-foot campus in...
A federal judge ruled that the Bellevue, Washington-based real estate investment firm iCap defrauded hundreds of real estate investors through a Ponzi scheme. The Seattle Times reported Chief Judge Whitman Holt made the finding about iCap in bankruptcy court...
New Hampshire hit a new record high for the median price of single-family homes in September. According to data from the New Hampshire Association of Realtors (NHAR), the state recorded a median cost of single-family homes at $520,000, up 6.5% year-over-year. This...
The commercial real estate finance and advisory services firm Walker & Dunlop (NYSE: WD) has expanded into hospitality investment sales with the addition of Jonathan (Jay) Morrow as senior managing director. Morrow specializes in institutional-grade hotel and...
The oldest church in Selma, Alabama, has sued its denomination in an attempt to maintain control of the property. AL.com reported the 185-year-old Church Street Methodist Church filed its lawsuit in Dallas County Circuit Court, claiming it never agreed to the “trust...
Hits and Misses for the Real Estate Week of May 11-15
