New data from the Mortgage Bankers Association (MBA) is estimating commercial real estate mortgage borrowing and lending in 2024 totaled $498 billion, up by 16% from the $429 billion in 2023 but down by 39% from the $816 billion recorded in 2022. MBA tracked $411...
Stonepeak, a New York city-based alternative investment firm specializing in infrastructure and real assets, has rolled out Montera Infrastructure, a North American hyperscale-focused data center development company. Working with a $1.5 billion equity commitment,...
Jack in the Box Inc. (NASDAQ: JACK) is planning to close between 150 and 200 underperforming restaurants and has begun exploring the divestiture of its Del Taco brand. The company’s announcement is part of what the San Diego-based company called its “Jack on Track’...
The immersive tech company Infinite Reality has partnered with the real estate investment and development firm Sterling Bay on the development of a 60-acre site in Fort Lauderdale, Florida, to become a technology and entertainment campus. The project is slated to open...
Saks Fifth Avenue has become the latest major retailer to announce its departure from San Francisco’s Union Square after nearly 45 years at the location. According to combined media reports, the retailer’s five-floor store will close on May 10, less than a year after...
The developer Capital Square has opened Maeve, a 20-story, luxury mixed-use high-rise located in the Warehouse District of Raleigh, North Carolina. Maeve includes 297 apartments in one- to three-bedroom unit configurations and more than 10,000 square feet of...
