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CMBS Delinquency Rate Drops to 4.25% for August

CMBS Delinquency Rate Drops to 4.25% for August

by Phil Hall | Aug 31, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial mortgage-backed securities (CMBS) delinquency rate dropped by 16 basis points to 4.25% in August, according to new data from Trepp Inc. This marked the second decline in the last six months. “For four of the five major commercial real estate (CRE)...
JLL to Run Global Facilities Management in Rolls-Royce’s Real Estate Portfolio

JLL to Run Global Facilities Management in Rolls-Royce’s Real Estate Portfolio

by Phil Hall | Aug 29, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

JLL (NYSE:JLL) was appointed by Rolls-Royce (OTC:RYCEY) to run the global facilities management operations across the company’s real estate portfolio in China, Germany, India, Singapore, the U.K and the U.S. As part of the long-term contract starting February...
Pennsylvania Housing Finance Agency Issues RFP for Mixed-Use Projects

Pennsylvania Housing Finance Agency Issues RFP for Mixed-Use Projects

by Phil Hall | Aug 29, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Pennsylvania Housing Finance Agency has issued a Request for Proposals (RFP) for new construction or the rehabilitation of mixed-use projects seeking financial support. Funding will be provided through the Community Revitalization Fund Program, and the agency is...
Kimco Realty Pays $2 Billion to Acquire RPT Realty

Kimco Realty Pays $2 Billion to Acquire RPT Realty

by Phil Hall | Aug 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Kimco Realty (NYSE: KIM), the owner and operator of open-air, grocery-anchored shopping centers and mixed-use assets, has announced its acquisition of rival company RPT Realty (NYSE: RPT) in an all-stock transaction valued at approximately $2 billion. Upon closing,...
AXS Investments Launches Real Estate Income ETF

AXS Investments Launches Real Estate Income ETF

by Phil Hall | Aug 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

AXS Investments, a New York City-based asset manager, has added a new exchange-traded fund (ETF) to its fund lineup with the introduction of AXS Real Estate Income ETF (RINC). The RINC ETF marks the launch of the AXS partnership with Gapstow Capital Partners, which...
Hersha Hospitality Trust is Acquired by KSL Capital Partners for $1.4 Billion

Hersha Hospitality Trust is Acquired by KSL Capital Partners for $1.4 Billion

by Phil Hall | Aug 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

KSL Capital Partners LLC, a Denver-headquartered investor in travel and leisure businesses, has announced that it will acquire all of the outstanding common shares of Hersha Hospitality Trust (NYSE:HT) for $10.00 per share in an all-cash transaction valued at...
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