The delinquency rate for commercial mortgage-backed securities (CMBS) decreased by 33 points in February to 7.14%, according to a new data report from Trepp Inc. One year ago, the delinquency rate was 6.30%. “The decline came thanks to a net decrease in overall...
Wyndham Hotels & Resorts Inc. (NYSE: WH) announced the promotion of Amit Sripathi to chief financial officer. Sripathi, who most recently served as the company’s chief development officer for North America, succeeds Kurt Albert who has served as interim CFO...
Amazon Inc. (NASDAQ: AMZN) has acquired the 122-acre Virginia Science and Technology Campus of George Washington University for $427 million. The deal was initially announced Friday in the university’s student newspaper without Amazon being identified as a buyer....
Chicago is weathering a new sports stadium controversy – and, no, it has nothing to do with the Bears. According to combined media reports, a groundbreaking ceremony is scheduled for later today on the new $750 million stadium for the Chicago Fire, the city’s Major...
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, has promoted Harrison Sitomer to president. Sitomer began his career at SL Green as an intern and rose through the organization, serving in a variety of investment roles before his January 2022...
The property investment firm Regional Group has acquired 150 Slater Street, a 19-story office tower in downtown Ottawa. The 500,000-square-foot property is 100% occupied with office and ground floor retail tenants, including the global headquarters of Export...
Hits and Misses for the Real Estate Week of June 22-26
