The delinquency rate for commercial mortgage-backed securities (CMBS) declined by 20 basis points in November to 7.26%, after climbing 23 basis points in October, according to new data from Trepp Inc. Year-over-year, the overall US CMBS delinquency rate is up 86 basis...
The Alberta-based real estate finance firm and investment manager KV Capital has continued its expansion across Canada with the opening of an office in Toronto. The new office is the company’s third location, joining its Edmonton headquarters that opened in 2006 and a...
Colin Fitzgibbons, president of Dallas-based Hunt Realty Investments LLC and a prominent figure in the North Texas commercial real estate industry, has died at age 46. The cause of death was not announced. According to the Dallas News, Fitzgibbons had been combating...
Brixmor Property Group Inc. (NYSE: BRX), a New York City-based real estate investment trust with a national portfolio of open-air shopping centers, announced that CEO James M. Taylor Jr. will retire effective Jan. 1, 2026. Brian T. Finnegan, the company’s...
Two of San Francisco’s largest hotels were sold together at a significant discount. Bloomberg reports Parc 55 and Hilton San Francisco Union Square, which encompass a total of nearly 3,000 rooms, were sold for $408 million – a 75% drop from their combined $1.56...
Beachwood, Ohio-headquartered SITE Centers Corp. (NYSE: SITC), the owner and manager of open-air shopping centers, has completed the sale of five of its retail properties. The company sold a three-property portfolio consisting of East Hanover Plaza in East Hanover,...
