The delinquency rate for commercial mortgage-backed securities (CMBS) declined by 20 basis points in November to 7.26%, after climbing 23 basis points in October, according to new data from Trepp Inc. Year-over-year, the overall US CMBS delinquency rate is up 86 basis...
Oscar-winning filmmaker Francis Ford Coppola is using San Francisco’s historic Sentinel Building as collateral for a new private loan in his ongoing efforts to mitigate the financial disaster created by his 2024 box office flop “Megalopolis.” The San...
The Detroit City Council approved the proposal by the Detroit City Football Club’s (DCFC) to construct a 15,000-seat stadium and other community projects in Southwest Detroit. CBS News reports the DCFC will build a 421-parking deck and 76-unit apartment building...
The beleaguered San Francisco Centre, a once-grand shopping center that hosted 200 retail stores prior to the pandemic but is only now 9% occupied, is now pushing to remove its remaining tenants. The San Francisco Business Times reports two stores still at the site,...
Colin Fitzgibbons, president of Dallas-based Hunt Realty Investments LLC and a prominent figure in the North Texas commercial real estate industry, has died at age 46. The cause of death was not announced. According to the Dallas News, Fitzgibbons had been combating...
Two of San Francisco’s largest hotels were sold together at a significant discount. Bloomberg reports Parc 55 and Hilton San Francisco Union Square, which encompass a total of nearly 3,000 rooms, were sold for $408 million – a 75% drop from their combined $1.56...
