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Hits and Misses for the Real Estate Week of May 29-June 2

Hits and Misses for the Real Estate Week of May 29-June 2

by Phil Hall | Jun 2, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The world’s richest man talks about real estate, a tenant pulls a fast one on his trusting landlord and a historic theater gets a new lease on life. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Hit: Mr. Musk Weighs...
MBA: Commercial and Multifamily Mortgage Delinquencies Up in Q1

MBA: Commercial and Multifamily Mortgage Delinquencies Up in Q1

by Phil Hall | Jun 2, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

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

CMBS Delinquency Rate Shoots Up to 14-Month High

by Phil Hall | Jun 1, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

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

Disney Offers Preview of Upcoming Pixar Place Hotel

by Phil Hall | May 26, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

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

Massachusetts Couple Indicted in Commercial Lending Fraud Scheme

by Phil Hall | May 26, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

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

Sydney Opera House Receives 6 Star Rating for Sustainability

by Phil Hall | May 25, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

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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Why education is set to be doubly important for agents in 2023
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