The Mortgage Bankers Association (MBA) is partnering with the Pension Real Estate Association (PREA) Foundation in an endeavor to encourage college students to consider careers in the commercial real estate finance industry. The partnership will highlight MBA’s and...
Elon Musk announced the Department of Government Efficiency (DOGE) identified an unauthorized $59 million allocation by the Federal Emergency Management Agency (FEMA) for the lodging of migrants in New York City hotels. “The @DOGE team just discovered that FEMA sent...
Hyatt Hotels Corporation (NYSE: H) is acquiring all outstanding shares of Playa Hotels & Resorts NV (NASDAQ: PLYA) for $13.50 per share, or approximately $2.6 billion, including approximately $900 million of debt, net of cash. Playa is the owner and operator of...
San Francisco’s Golden Gate University is making another attempt to sell off part of its campus as a strategy to cover its frayed financial health. The San Francisco Business Times reports the school listed its primary campus building three years ago for an...
The new owner of an airport on Newfoundland Island owes $500,000 in property taxes – but the mayor of the town where the airport is based is shrugging off the delinquency while the local chamber of commerce leader is furious. CBC reports Ottawa businessman Carl Dymond...
Hilco JCP LLC and Copper Property CTL Pass Through Trust are now marketing 121 net-leased JCPenney properties located across 35 states representing over 16 million square feet. According to the companies, most of the portfolio’s properties are based in major...