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...
Nearly half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. According to a new data report from Redfin (NASDAQ: RDFN), this marked the fifth consecutive quarter that...
King Charles III has a new side hustle as the landlord for a short-term rental property. The Sun reports that The Folly, a three-bedroom Victorian house at the royal Sandringham retreat, is being rented to the public for $8,500-a-week. The refurbished property has a...
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 new bill has been introduced in the Ohio legislature that would enact a 50% reduction in the property tax of any homeowner age 65 or older, regardless of income. Vindy.com reports the bill authored by State Sen. Al Cutrona (R-Canfield) would come in addition to the...
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...
Hits and Misses for the Real Estate Week of June 22-26
