The commercial real estate advisor and service provider Newmark Group Inc. (NASDAQ: NMRK) has established a Middle Eastern flagship office in Dubai. Stefan Burch will head up the new office and build the firm’s business in the region. Burch, who holds the title of...
The Chicago Bears have confirmed plans to move out of their longtime home at Soldier Field for a new stadium outside of their city. In an open letter, Bears President and CEO Kevin Warren stated the team will be leaving its namesake city for Arlington Heights, a...
A decades-old crime is solved, an emergency without urgency is declared, and bizarre happenings in the UK and Canada. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Sept. 1-5. Hit: Justice is Done. The happiest news of the...
First National Bank, the Pittsburgh-based subsidiary of FNB Corporation (NYSE: FNB), announced plans to add nearly 30 new branches to its network during the next five years. Most of the planned branches will be based in North Carolina, South Carolina and the...
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...
