The ailing First Republic Bank (NYSE:FRC) of San Francisco was seized in the early hours of this morning by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. This is the...
European commercial real estate dealmaking hit an 11-year low in the first quarter of the year, according to data published by the finance company MSCI (NYSE:MSCI). Approximately $40.3 billion in transactions occurred during the quarter, down 62% from one year...
National Retail Properties Inc. (NYSE: NNN), an Orlando-headquartered real estate investment trust, is changing its name to NNN REIT Inc., effective May 1. NNN REIT was formed in 1984 and invests primarily in high-quality retail properties subject generally to...
Wells Fargo & Co. (NYSE: WFC) has entered a 10-year partnership with the T.D. Jakes Group, a conglomerate owned by the evangelist T.D. Jakes, that will provide up to $1 billion in capital, financing and grants to revitalize low- and middle-income communities. The...
Marriott International (NASDAQ: MAR) announced the first 19 projects to receive financial support and other incentives through the “Marriott’s Bridging the Gap” program. Bridging the Gap is designed to diversify the Marriott owner and franchisee...
T. Dallas Smith is one of the most influential commercial real estate executives in the lucrative Atlanta market, and his career personifies the concept of the American success story. He began his commercial real estate career in 1982 at Atlanta Air Center Realty and...
Mortgage Rates Take a Mild Tumble
