CBRE (NYSE:CBRE) reduced its 2023 forecast for hotel performance, citing a weaker-than-expected summer demand that created a second quarter revenue per available room (RevPAR) shortfall. The revised forecast is now predicting a 2023 RevPAR of $96.64, up 4.6%...
Second quarter commercial and multifamily mortgage loan originations sank by 53% from one year ago, according to new data from the Mortgage Bankers Association (MBA). However, the originations level was up 23% from the previous quarter. Decreases in originations for...
Newmark Group Inc. (NASDAQ: NMRK) has expanded its capital markets services with the launch of the Data Center and Digital Infrastructure practice group. In launching the new practice group, Newmark stated the data center market is expected to surpass the current...
A 60-year-old former church in Indianapolis has a new lease on life as the home of an opera company. According to a WISH-TV report, the former Holy Trinity Greek Orthodox Church has been renamed Basile Opera Center and has been realigned as the new permanent home of...
Orlando-based NNN REIT Inc. (NYSE: NNN) has promoted Jonathan A. Adamo to executive vice president of portfolio operations. Adamo joined NNN in April 2003 and currently serves as senior vice president and head of portfolio operations. He previously served in the...
The U.S. Small Business Administration (SBA) announced the agency’s first disaster declarations leveraging the Rural Communities Act, which will enable businesses and residents affected by recent disasters in Alabama, Nevada, and California to become eligible for...
FHFA’s Pulte to Relinquish Intelligence Chief Role on Aug. 3
