The delinquency rate for commercial mortgage-backed securities (CMBS) inched up in May by 5 basis points to 7.08%, according to new data from Trepp Inc. The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. If defeased loans...
Chicago-headquartered Hyatt Hotels Corporation (NYSE: H) has unveiled Unscripted by Hyatt, the newest brand in its Essentials portfolio. According to the company, the new brand is “designed for travelers who value the essentials and prefer spontaneity over structure.”...
A father and son team pleaded guilty to securities fraud and aggravated identity theft in connection with their scheme to defraud investors of more than $280 million in two municipal bond offerings tied to the construction of the 320-acre Legacy Park sports complex in...
Ethan Penner, who is credited as being the father of the commercial mortgage-backed securities (CMBS) sector, is setting his sights on the 2026 race for California governor. The Real Deal reports that Penner, the CEO of Calabasas-based Mosaic Real Estate Investments,...
Missouri Gov. Mike Kehoe has called a special session of the state legislature that will review a bill to enable the NFL’s Kansas City Chiefs and MLB’s Kansas City Royals to issue bonds up to the annual amount they generate in state tax revenue over 30 years, in turn...
Nuveen, the investment manager of TIAA, has debuted a 1031 real estate exchange platform. The new platform is structured as an Umbrella Partnership Real Estate Investment Trust (UPREIT) program that will enable property owners to convert proceeds from real estate...
