A 23-story Manhattan office tower that sold in 2006 for $332 million has changed hands in an online auction for $8.5 million – a 97.5% loss. The New York Times reported the owner of the property, an investment fund run by UBS Realty Investors, had previously tried to...
Politicians offering bizarre comments about housing, a major company shifting its headquarters out of California and a radioactive contaminated school for sale. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 29-Aug. 2....
Chevron Corporation (NYSE:CVX) announced the relocation of its corporate headquarters from California to Texas. The company, which traces its California roots back to the 1870s is taking its leadership offices from San Ramon to Houston before the end of the year....
The Greenbrier Hotel, the historic West Virginia lodging establishment, is at the center of a controversy that encompasses the upcoming election and JPMorgan (NYSE:JPM) chief Jamie Dimon. WCHS-TV reports the Greenbrier is owned by West Virginia Gov. Jim Justice and...
The delinquency rate for commercial mortgage-backed securities (CMBS) rose by 8 basis points to 5.43% in July, with the office sector accounting for almost two-thirds of the newly delinquent loans in July. According to new data from Trepp Inc., the office delinquency...
Badcock Home Furniture & More, a 120-year-old furniture retailer based in Southern states, has begun a “going out of business” sale at all of its 380 stores. The New York Post reported the company’s shuttering follows last week’s bankruptcy filing by its parent...
