BlackRock Inc. (NYSE: BLK) announced it is acquiring ElmTree Funds, a St. Louis-based net-lease real estate investment firm with $7.3 billion in total assets under management. The financial details of the acquisition were not disclosed. Founded in 2011, ElmTree has...
Property tax reform in Missouri, the future of Pope Leo’s childhood home, and Kim Jong Un’s beachfront resort. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 30-July 4. Hit: Public Involvement in Property Tax Reform. A...
The FBI is relocating its headquarters to the Ronald Reagan Building complex in Washington, DC. The FBI will relocate from the J. Edgar Hoover Building in Washington, which served as its headquarters in 1975. The Reagan Building complex is currently home to US Customs...
Ohio Gov. Mike DeWine has signed the state’s two-year budget that includes a provision for $600 million in state funds to cover some of the construction costs on the Cleveland Browns’ $2.4 billion domed stadium development. According to combined media reports,...
BBG, the Dallas-headquartered national commercial real estate services firm, has unveiled its Data Center Specialty Practice to meet the demand for valuation, due diligence, and advisory services in the fast-growing infrastructure sector. According to the company,...
The commercial mortgage-backed securities (CMBS) delinquency rate rose by 5 basis points in June to 7.13%, according to new data from Trepp Inc. The overall delinquent balance was $42.3 billion this month, down from $42.6 billion in May, while the outstanding balance...
