MBA: Commercial and Multifamily Mortgage Delinquencies Up in Q1
The Mortgage Bankers Association (MBA) reported that commercial and multifamily mortgage delinquencies increased in the first quarter of this year. Within this sector, the delinquency rate was highest for commercial mortgage-backed securities (CMBS) at 3%, an increase...
CMBS Delinquency Rate Shoots Up to 14-Month High
The overall delinquency rate for commercial mortgage-backed securities (CMBS) skyrocketed in May by 53 basis points to 3.62%, according to new data from Trepp LLC. The CMBS delinquency rate is now at its highest level since March 2022, while the 53-basis point upswing...
Disney Offers Preview of Upcoming Pixar Place Hotel
As the Walt Disney Co. (NYSE:DIS) prepares to shutter its Star Wars: Galactic Cruiser hotel in Orlando, it is also offering a preview of what to expect from the Pixar Place Hotel at Disneyland Resort in Anaheim, California. The 15-story establishment is a reimagining...
Massachusetts Couple Indicted in Commercial Lending Fraud Scheme
The U.S. Attorney’s Office for the District of Massachusetts announced the arrest and indictment of a couple in connection with a scheme to defraud commercial lenders by providing fraudulent documents. Louis R. Masaschi, 57, and his wife Jeanette Norman, 56,...
Sydney Opera House Receives 6 Star Rating for Sustainability
Australia’s Sydney Opera House is hailed as one of the world’s most visually innovative structures. And now it can also claim to be a global leader in sustainability. According to a report from Facilities Management Advisor, the Sydney Opera House was awarded a 6 Star...
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