The purchase rights to the San Francisco Centre, the once-grand 1.5 million-square-foot mall that was shuttered in January, has been awarded to a partnership of Presidio Bay Ventures and Prado Group. The San Francisco Chronicle, citing input from unnamed “sources with...
First Community Credit Union (FCCU) has purchased the former Noble Energy Center Two, a Class A Houston office tower, to become the future home of its new corporate headquarters. The 20-story tower was built in 2015 and encompasses approximately 470,623 rentable...
The previously undisclosed sale price of San Francisco’s iconic Transamerica Pyramid has been reported at approximately $700 million, the city’s largest office property transaction since 2021. Greet Street News confirmed the price being paid by the Cyprus-based...
JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX), has acquired West Boston Medical Center, a medical outpatient complex located in the Greater Boston suburb of Watertown, Massachusetts, for approximately $32 million. The property...
The delinquency rate for commercial mortgage-backed securities (CMBS) decreased by 33 points in February to 7.14%, according to a new data report from Trepp Inc. One year ago, the delinquency rate was 6.30%. “The decline came thanks to a net decrease in overall...
Wyndham Hotels & Resorts Inc. (NYSE: WH) announced the promotion of Amit Sripathi to chief financial officer. Sripathi, who most recently served as the company’s chief development officer for North America, succeeds Kurt Albert who has served as interim CFO...
Hits and Misses for the Real Estate Week of April 6-10
