Hilton (NYSE: HLT) announced its acquisition of a majority controlling interest in Sydell Group to expand the NoMad Hotels brand from its existing London flagship location to high-end markets around the world. According to a statement issued by Hilton, the “addition...
TerraCRG, a Brooklyn-based brokerage focused on the borough’s commercial real estate market, announced the promotion of partner Dan Marks to CEO. Marks succeeds Ofer Cohen, the company’s founder, who will become chairman. Marks has been with TerraCRG for more...
In a striking reversal to an ongoing trend that found many top-named retailers exiting San Francisco, the commercial property owner and developer Grosvenor announced a new long-term lease with the luxury Italian jewelry and accessory designer Bulgari in the city’s...
If anyone is looking to lease office space in Manhattan, there is no shortage of choices – two new data reports point to historically high vacancy rates in the heart of the Big Apple. Data from Colliers determined the borough’s office availability rate in the first...
The delinquency rate for commercial mortgage-backed securities (CMBS) dipped by 4 basis points to 4.67% in March, according to new data from Trepp LLC. Year over year, the overall CMBS delinquency rate is up 158 basis points from 3.09%. The percentage of loans that...
The real estate private equity firm Madison International Realty is expanding into the Asia-Pacific presence with the opening of an office in Singapore. Yichao Mark, formerly director of strategic investor solutions at the company’s New York City headquarters,...
Illinois Home Sales and Inventory Decline While Median Price Rises
