The legalization of marijuana in the U.S. has created something of a nationwide crazy quilt. Cannabis is still considered illegal under federal law, but in 21 states plus the District of Columbia and Guam both medicinal and recreational marijuana retailing is legal....
New York City’s Rockefeller Center will soon have its first hotel – a situation created by a surplus amount of empty offices. The Wall Street Journal reported Aspen Hospitality is planning to renovate 10 floors of vacant office space above the NBC “Today” show studios...
UMH Properties Inc. (NYSE: UMH), a public equity REIT that owns and operates 135 manufactured home communities in 11 states, has closed on its $2.3 million acquisition of a 30-acre parcel of land located in Perrysburg, Ohio. The property adjacent to the company’s...
Broad Street Development LLC (BSD), a New York City-headquartered vertically integrated owner-operator, has launched Paradigm Advisory Group as the company’s consulting arm. Founded by BSD principals Raymond Chalme and Daniel Blanco, Paradigm defined its mission as...
Within the U.S. commercial market, the office sector is generating a greater wave of concern and pessimism from financial services leaders. According to new data from CoStar Group (NASDAQ:CSGP), the U.S. office sector in April reported vacancy levels (at 12.9%) and...
The issuance of domestic, private-label commercial mortgage-backed securities (CMBS) totaled $5.98 billion during the first quarter of this year, according to data from Trepp LLC. This is down by 12% from the fourth quarter of 2022 and a 79% plummet from the first...
Mortgage Rates Take a Mild Tumble
