Boston-headquartered Berkshire Hills Bancorp Inc. (NYSE: BHLB) announced that its wholly owned subsidiary Berkshire Bank is selling 10 of its branches in upstate New York. The sales include approximately $485.5 million in deposits, $60.5 million of related residential...
A Phil Hall Op-Ed: This past weekend, I saw an interview in DailyMail.com with the media-prominent financial advisor Suze Orman regarding property insurance premiums. Orman complained about the $28,000 quote that her insurer gave on her 2,100-square-foot oceanfront...
Whole Foods Market, a subsidiary of Amazon Inc. (NASDAQ:AMZN), is expanding its retail real estate presence through a new, quick-shop store format aimed at urban neighborhoods. The new format, called Whole Foods Market Daily Shop, will be introduced later this year in...
Toorak Capital Partners Inc., a capital provider to the residential real estate lending industry, announced the closing of the first rated residential transition loan (RTL) securitization, Toorak 2024-RRTL1. RTLs are used by real estate investors use to renovate older...
An estate in New York’s Westchester County that was once owned by Johnny Carson has been listed for sale at $5.3 million. According to a Mansion Global report, the property’s residence was built as a stone barn for an apple orchard in the 1860s and was converted into...
The delinquency rate for commercial mortgage-backed securities (CMBS) rose by 5 basis points to 4.71% in February, according to data from Trepp Inc. One year ago, the U.S. CMBS delinquency rate was 3.12% – a 159 basis points difference. Last month’s uptick was mostly...
Median Asking Monthly Rent Posts 35th Straight Month of Annual Declines
