Brixmor Property Group Inc. (NYSE: BRX), a real estate investment trust that owns and operates a national portfolio of open-air shopping centers, announced that Angela M. Aman will step down as the company’s president, chief financial officer and treasurer,...
The total volume of commercial/multifamily mortgage debt outstanding rose to $4.63 trillion at the end of the third quarter, according to new data from the Mortgage Bankers Association (MBA). This marked an 0.8% increase, or $37.1 billion, from the second quarter....
Atlantic Equity Partners, a New York City-based real estate private equity firm that invests in value-add hotels, has launched its Fund II to deploy capital to acquire and sustainably redevelop hospitality real estate with a double-bottom-line approach. The new fund...
New York City’s landmark St. Patrick’s Cathedral is in a contract to sell some of its air rights to hedge fund executive Ken Griffin. Bloomberg reported Griffin, the CEO of Citadel LLC, is partnering with Vornado Realty Trust and Rudin Management on the creation of a...
PREIT (OTCQB:PRET), a Philadelphia-headquartered operator of shopping centers in the mid-Atlantic region, has filed for Chapter 11 bankruptcy for the second time in three years. The company announced it is carrying approximately $880 million in total indebtedness and...
Caribou Industries Inc., a contractor and developer of residential, commercial and resort real estate, announced that it has pulled $5.6 million in building permits and executed a disposition and development agreement with the city of Santa Ana in Orange County,...
Hits and Misses for the Real Estate Week of June 22-26
