The Elon Musk-run Department of Government Efficiency (DOGE) announced the termination of nearly two dozen leases on federal properties. In an X posting on Sunday evening, DOGE announced, “In the past 6 days, the number of lease terminations of underutilized buildings...
Castlelake LP, a global alternative investment manager specializing in asset-based private credit, has partnered with Niam Credit, an alternative credit provider in Northern Europe, to provide financing solutions to the Nordic real estate market. The partnership will...
The delinquency rate on commercial mortgage-backed securities (CMBS) dipped by 1 basis point in January to 6.56%, according to data from Trepp Inc. One year ago, the CMBS delinquency rate was 4.66%. “This pullback follows six straight months of increases to the...
CBL Properties (NYSE:CBL) has sold the Pittsburgh-area of Monroeville Mall and Annex in for $34 million in an all-cash transaction with an unnamed buyer. The Monroeville, Pennsylvania-based mall opened in 1969 with 1.15 million square feet of space and was renovated...
A Pennsylvania museum focused on a historic flood was forced to close indefinitely because its building was flooded. WJAC.com reports the Johnstown Flood Museum experienced a valve failure on the building’s third floor, with water pouring through the walls. The...
The Canadian farm goods store chain Peavey Mart announced it is closing all its locations. The Red Deer, Alberta-headquartered company recently closed 22 stores in Ontario and Nova Scotia. In a posting yesterday on social media, the company stated it “had sought and...
