Trepp Inc. announced that its commercial mortgage-backed securities (CMBS) delinquency rate ended 2023 at 4.51%. December’s rate was a seven basis points decline for the month. At the end of 2022, the CMBS delinquency rate was 3.04%, a 147 basis points difference. For...
Friedman Real Estate, a Farmington Hills, Michigan-based commercial property firm, has acquired two of the seven office towers within Detroit’s Renaissance Center complex. According to a Detroit Free Press report, the company acquired the 21-story Towers 500 and 600...
The real estate investment trust (REIT) sector is moving into a more positive environment in 2024, according to a forecast released by the National Association of Real Estate Investment Trusts (Nareit). While high interest rates impacted the commercial properties that...
Trez Capital, the Vancouver-based nonbank commercial real estate investment and financing firm, has appointed Joshua Varghese to its board of governors, which provides oversight to the company’s offering memorandum funds. Varghese was a founding partner and president...
An acute lack of affordable homeownership opportunities, another lawsuit challenging broker commissions and a Frank Lloyd Wright-designed house that changed hands for the first time since 1955. From the wild and wooly world of real estate, here are the hits and misses...
Newmark Group Inc. (NASDAQ: NMRK) announced that it arranged the $153.5 million sale of Aon Center, a 62-story trophy Class A office tower located in the Los Angeles’ Financial District. The property was acquired by Carolwood Equities while the seller was undisclosed....
Hits and Misses for the Real Estate Week of June 22-26
