The delinquency rate for commercial mortgage-backed securities (CMBS) surged by 41 basis points (bps) to 7.55% in March, according to new data from Trepp Inc. One year ago, the CMBS delinquency rate was 6.65%. “The five largest newly delinquent loans accounted for...
Chicago Bears President Kevin Warren is giving Illinois lawmakers more time to formulate a legislative solution that would keep the football team from relocating to Indiana. In an interview with NBC Sports, Warren stated, “We don’t have a set deadline, but I am...
Mortgage rates on the rise, Habitat for Humanity turns 50, and a new TV series to help seniors consider housing options. From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 23-27. Miss: Going Right in the Wrong Direction....
Thor Equities, a real estate development, leasing, and asset management firm, announced its acquisition of 1165 Broadway, a 58,000-square-foot, mixed-use office and retail property in New York City, for $56 Million. Located in Manhattan’s NoMad District, the property...
Sen. Bernie Sanders (I-VT) and Rep. Alexandria Ocasio-Cortez (D-NY) have introduced legislation designed to halt construction on AI data centers, claiming they are a threat to democracy and humanity. The Artificial Intelligence (AI) Data Center Moratorium Act would...
President Trump is reportedly open to the idea of relocating New York City’s Madison Square Garden as part of the plan to redevelop the Penn Station transit hub. According to a report in The Gothamist based on input from “four sources who have knowledge of the Oval...
Portland Duo Sentenced for Running Real Estate Investment Fraud Scheme
