The delinquency rate for commercial mortgage-backed securities (CMBS) increased by rose 26 basis points this month to 5.70%, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 131 basis points from 4.39%. While most of the...
The real estate investment trust Simon Property Group (NYSE: SPG) has rolled out a new marketing campaign to bring consumers back to its shopping malls. The campaign, dubbed “Meet Me @themall,” seeks to reach different generations by tapping into nostalgia...
Blackwell 3D Construction Corp. (OTC: BDCC), a 3D house printing technology company, has engaged Asas Capital, a boutique investment advisory firm, to arrange the financing for the company’s planned real estate ventures in Dubai. According to the company, the...
The financially frayed Steward Health Care announced that Ralph de la Torre will step down as CEO and chairman on Oct. 1. Reuters reported that a spokesperson for de la Torre confirmed that he “has amicably separated from Steward on mutually agreeable...
Kamala Harris talks about housing, Kmart disappears from the retail scene and an Oscar nominee turns landlord. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Sept. 23-27. Miss: Another Bowl of Word Salad. Vice President...
Sterling Organization, a private equity real estate investment firm focused on retail property assets, has announced the acquisition of a three-property portfolio from SITE Centers for $180.5 million. The portfolio consists of Fairfax Towne Center, a...
