The commercial mortgage-backed securities (CMBS) delinquency rate rose 24 basis points in October to 4.63%, according to new data from Trepp Inc. The represents the highest level since the end of the Covid-19 pandemic. Trepp primarily attributed this spike to a $930...
Parks Hospitality Holdings (PHH), a hospitality developer and hotel owner, has acquired the historic Boston Park Plaza. The 1,060-key property, located in the city’s central Back Bay neighborhood, opened in 1927 as The Statler Hotel. Its ownership changed hands over...
The Biden administration is supporting the conversion of vacant commercial properties into residential housing, although it declined to allocate any new funds for this endeavor. “The actions announced today build upon the initiatives in the White House Housing Supply...
CBRE Group Inc. (NYSE:CBRE) announced the investment banking team from Sera Global, a global independent real assets advisor, has joined the company. The Sera team has offices worldwide – including New York City, London, Los Angeles, Toronto, Boston, Frankfurt,...
Realty Income Corp. (NYSE: O) has announced it will acquire Spirit Realty Capital Inc. (NYSE: SRC) in an all-stock transaction valued at approximately $9.3 billion. Realty Income is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. The...
A September of home sales, overseas central banks pausing their rate hikes and Jamie Dimon’s decision to sell his JPMorgan shares. From the wild and wooly world of real estate, here are the hits and misses for the week of Oct. 23-27. Hit: Score One for Resiliency....
Hits and Misses for the Real Estate Week of June 22-26
