The first quarter of this year was, to be charitable, something of a mess for commercial and multifamily mortgage loan originations – according to new data from the Mortgage Bankers Association (MBA), originations were down by 42% from the previous quarter and down...
When it comes to luxury shopping in Manhattan, the ultra-rich are bypassing Tiffany’s and Bloomingdale’s and buying up office properties. According to a Bloomberg report analyzing data from Savills, seven of the 11 New York office property acquisitions completed in...
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...
