Cushman & Wakefield (NYSE: CWK) has announced a leadership change with the retirement of John Forrester as CEO, effective June 30, and the appointment of President and Chief Operating Officer Michelle MacKay as his successor, effective July 1. Forrester will...
I was overcome with great shock and sorrow last week upon learning that Nordstrom will be closing its glorious store at the Westfield San Francisco Centre in August. I am not one who obsesses with retail therapy, but this is my favorite American department store and I...
Simon Property Group (NYSE:SPG) is focusing its near-term future on developing multifamily housing and hotels. Indianapolis-headquartered REIT announced during its Q1 earnings call this week that is plans to develop and construct approximately 2,000 residential units...
The delinquency rate for commercial mortgage-backed securities (CMBS) as measured by Trepp Inc. remained unchanged in April at 3.09%. Year-over-year, the Trepp CMBS Delinquency Rate is down 42 basis points; year to date, the rate is up 5 basis points. “Declines in the...
Rasmala Investment Bank Ltd., a Dubai-based alternative investment manager, has launched five-year strategy to create a portfolio of multifamily residential properties in the U.K. that will exceed $2 billion in investment value. According to the company, the strategy...
Canadian Tire Corp. Ltd. (TSX: CTC, CTC.A) announced the expansion of its retail store presence through a $1.6 million acquisition of 10 real estate leases formerly held by Bed, Bath & Beyond (NASDAQ:BBBY). The 10 leases combined represent more than 242,000 square...
Mortgage Rates Take a Mild Tumble
