The Irvine, California-headquartered real estate investment company CIP Real Estate announced its acquisition of three industrial parks in Florida for a combined price of $66.45 million. The acquired properties include a 26-acre industrial infill land Tampa, where...
The delinquency rate for commercial mortgage-backed securities (CMBS) was up for the sixth consecutive month in August, rising six basis points to 7.29%. Year-over-year, the overall CMBS delinquency rate has increased by 185 basis points from 5.44%. According to data...
A fight over the Fed, an upcoming exodus of Canadians returning going home, and a growing wave of property tax reform efforts. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 25-29. Miss: How Not to Lower Interest Rates....
The Texas state government has acquired a pair of historic San Antonio hotels adjacent to the Alamo. The San Antonio Business Journal reports the Texas General Land Office purchased the Crockett and Menger hotels last week for an undisclosed sum. The two hotels were...
The owners of the Houston Astros have filed a lawsuit seeking to exempt the team from having to pay property taxes on their stadium. The Houston Chronicle reports the Astros are trying to avoid property taxes on Daikin Park by claiming Harris County “has no...
First National Realty Partners (FNRP), a Red Bank, New Jersey-headquartered private equity commercial real estate firm, has hired Jeff Kellams as director of leasing. In his new job, Kellams will lead leasing initiatives across the firm’s retail portfolio, with...
