The delinquency rate for commercial mortgage-backed securities (CMBS) surged this month 51 basis points to 7.86%, according to a data report from Trepp Inc. One year ago, the rate was at 7.23%. Thomas Taylor, senior manager for research at Trepp, attributed July’s...
Four days after Jay Clayton was confirmed by the US Senate to become the next Director of National Intelligence, Democrats are openly fuming over the continued presence of Federal Housing Finance Agency (FHFA) Director Bill Pulte as the interim director. Pulte was...
A total of 6,613 residential properties were sold in Missouri during June, a 5.2% year-over-year increase. According to data from Missouri Realtors, the median sales price of $302,500 marked a 5.2% year-over-year rise. The average residential sale price increased 7.2%...
The Securities and Exchange Commission (SEC) has filed charges against RAD Diversified REIT Inc. (RADD), a Tampa-based real estate investment trust, and its founders Brandon “Dutch” Mendenhall and Amy Vaughn, accusing them of raising at least $152 million from more...
Toll Brothers Inc. (NYSE: TOL) has unveiled its newest master-planned community at Tribute at Valor, located in the Boise suburb of Kuna, Idaho. Floor plans at Tribute at Valor range from approximately 1,400 to more than 4,700 square feet. Residences include three to...
The developer Nexus Data Centers is teaming with the artificial intelligence (AI) leader Anthropic to borrow $15 billion for the creation of a new data center campus and power plant in Hubbard, Texas. The Wall Street Journal, sourcing its coverage from unnamed “people...
