CBRE (NYSE:CBRE) has hired Andrea Grigg as senior managing director and global head of hotels asset management for CBRE Hotels. Grigg will be based in Atlanta and is tasked with developing and leading the firm’s global hotel asset management and operator selection...
The U.S. commercial mortgage-backed securities (CMBS) delinquency rate jumped 51 basis points (bps) to 4.41% in July, according to new data from Trepp. “While the rest of the U.S. economy has seen relief in terms of higher equity prices, better-than-expected corporate...
U.S. Rep. Mike Turner (R-OH) announced the potential for $4 million in federal funds to restore the historic Wright Brothers manufacturing facility in Dayton, Ohio, that was damaged in an arson fire in March. According to a WDTN.com report, Turner lobbied his Capitol...
Heritage Bank of Commerce, a San Jose-headquartered subsidiary of Heritage Commerce Corp. (NASDAQ: HTBK), has appointed Susan Just as executive vice president and chief credit officer, effective Sept. 7. She will replace Margo Butsch, who recently announced her...
A total of $480.1 billion in new mortgages were originated in 2022 for apartment buildings with five or more units, according to new data from the Mortgage Bankers Association. This represents a 1% year-over-year decline. Last year’s total was generated by 2,242...
While Elon Musk has a history of playing by his own rules, the San Francisco Department of Building Inspection has forced him to abide by municipal real estate codes. According to an Associated Press report, the brightly flashing “X” sign that Musk erected last Friday...
New Data Reports Find Mixed Results in April Home Price Activity
