The General Services Administration (GSA) reported that its Public Buildings Service identified over 440 “non-core assets” owned and maintained by the federal government. In a statement, the GSA said the 440 properties encompass nearly 80 million rentable square feet...
In one of the largest real estate deals in Central America real estate, BlackRock Inc. (NYSE: BLK) is spending $22.8 billion to purchase majority stakes in ports on both sides of the Panama Canal. The Wall Street Journal reports BlackRock, its new infrastructure arm...
Fishers, Indiana-headquartered First Internet Bank has hired J. Blake Sanderson as first vice president of commercial real estate acquisition, development and construction. In his new role, Sanderson will work to further expand relationships and a portfolio currently...
One of the largest construction loans in recent years has been arranged for a 100-acre artificial intelligence (AI) data center in Utah. The Wall Street Journal reports JPMorgan Chase and Starwood Property Trust are lending $2 billion for the data center campus in...
One of Connecticut’s most iconic historic buildings has been listed for sale at $4.95 million. The 70,000-square-foot Waterbury Union Station building serves as the headquarters for the Republican-American newspaper. The Hartford Business Journal reports the listing...
The delinquency rate for commercial mortgage-backed securities (CMBS) dropped for the second consecutive month after six months of increases, according to data from Trepp Inc. February’s overall delinquency rate decreased 26 basis points to 6.30%. One year ago, the...
