The delinquency rate on commercial mortgage-backed securities (CMBS) dipped by 1 basis point in January to 6.56%, according to data from Trepp Inc. One year ago, the CMBS delinquency rate was 4.66%. “This pullback follows six straight months of increases to the...
CBL Properties (NYSE:CBL) has sold the Pittsburgh-area of Monroeville Mall and Annex in for $34 million in an all-cash transaction with an unnamed buyer. The Monroeville, Pennsylvania-based mall opened in 1969 with 1.15 million square feet of space and was renovated...
A Pennsylvania museum focused on a historic flood was forced to close indefinitely because its building was flooded. WJAC.com reports the Johnstown Flood Museum experienced a valve failure on the building’s third floor, with water pouring through the walls. The...
The Canadian farm goods store chain Peavey Mart announced it is closing all its locations. The Red Deer, Alberta-headquartered company recently closed 22 stores in Ontario and Nova Scotia. In a posting yesterday on social media, the company stated it “had sought and...
Indianapolis-headquartered Simon Property Group Inc. (NYSE: SPG) has acquired a large site that will be developed into a Nashville area luxury shopping and lifestyle destination known as Nashville Premium Outlets. The new 325,000 square foot mixed-use center will be...
AvantStay, the hospitality management company and tech platform with over 2,300 short-term vacation rental properties across 65 markets, is expanding into the hotel industry with the forthcoming opening of The Gilmore, an AvantStay Hotel, in Nashville. The new hotel...
Mississippi Real Estate Agent Identified as Angry Man Berating Young Father…
