The melodrama surrounding the Tampa Bay Rays’ plans for a new stadium took another turn with the team announcing it will not continue the development of a new $1.3 billion, 30,000-seat venue in St. Petersburg, Florida. ESPN reports the team cited the expensive delays...
The iconic and often controversial boxing promoter Don King was named in a $5.35 million foreclosure lawsuit over his headquarters complex in Deerfield Beach, Florida. According to combined media reports, the lawsuit was filed last week by Blueprint 501LLC, affiliate...
New York City-based Franklin BSP Realty Trust Inc. (NYSE: FBRT) is acquiring NewPoint Holdings JV LLC, a privately held commercial real estate finance company headquartered in Plano, Texas. The financial terms of the deal were not disclosed. According to the...
Wells Fargo (NYSE: WFC), the nation’s fourth-largest bank, has sued JPMorgan Chase (NYSE: JPM), the nation’s largest bank, to recover losses for investors in a $481 million commercial real estate loan that was allegedly made with an inflated financial metric. Reuters...
A new data analysis has determined 59 of the nation’s largest banks face exposures to commercial real estate greater than 300% of their total equity capital. The data analysis was published by Dr. Rebel A. Cole, Lynn Eminent Scholar Chaired Professor of Finance in...
Echo Real Estate Capital Inc. has acquired the Rampart Medical Campus, a two-building, 71,000-square-foot medical office development located in Denver. The Denver Post reported one of the buildings was sold for nearly $4.5 million and the other was sold for $4.1...
