A mysterious buyer of parcels near a military base, a call for action against squatters and the HUD leader’s Hawaiian business trip. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: Who is That Phantom Landowner?...
There was more troubling data from the commercial real estate industry: Trepp Inc. reported its CMBS Special Servicing Rate climbed 31 basis points in June to 6.42%, marking the fifth increase in a row and the third largest this year. The rate was at 5.17% six months...
The luxury home building firm Toll Brothers Inc. (NYSE: TOL) has promoted John A. McCullough to president of Toll Brothers Apartment Living, the company’s multifamily division. In his new job, McCullough will be responsible for leading all acquisitions,...
Trinity Group Construction Inc., a Herndon, Virginia-based firm focused on the commercial property market, has appointed John P. Barron as chief operating officer. Barron has more than 40 years of experience in the construction industry and was previously president...
Approximately 7,428 acres of Wisconsin farmland will be offered in a two-session auction from Aug. 23-24. Schrader Real Estate and Auction Co. is marketing the land, which will span six counties – Barron, Dunn, Polk, Chippewa, Marathon and Clark. “The land is owned by...
Manhattan’s office property market broke a record in the second quarter, with a new high of 70 million square feet of available space. According to a data report by Savillis, the availability rate rose by 20 basis points in the second quarter to 19.7%, the highest...
