The delinquency rate for commercial mortgage-backed securities (CMBS) increased from 7.30% in December to January by 17 basis points to 7.47%, according to new data from Trepp Inc. One year ago, the overall CMBS delinquency rate was 6.56%. “The increase was driven by...
The Tampa Bay Rays agreed to cover at least half of the cost for the proposed stadium to be constructed on the site of Hillsborough College’s Dale Mabry campus. The team’s offer is part of a document titled “Update on Tampa Bay Rays Ballpark Discussions” that was...
Chicago-based Metropolitan Capital Bank & Trust was closed on Jan. 30 by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. This marks the first bank failure of 2026. The...
The artificial intelligence company Anthropic has signed a lease to become the single tenant for an entire San Francisco skyscraper. The San Francisco Chronicle reports the company will occupy the entirety of 300 Howard Street in the city’s Financial District. The...
President Trump has announced his plans to close the John F. Kennedy Center for the Performing Arts in Washington, DC, for two years, claiming the venue was “a tired, broken, and dilapidated” facility. In a post on Truth Social, Trump claimed his ruling followed a...
A Beverly Hills mansion that nobody wants, a push to end property taxes in Georgia, and Indiana goes Bears hunting. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Jan. 26-30. Miss: A Bigger Flop Than “Gigli”: The former...
