The investment management firm Blackstone (NYSE: BX) is offloading its portfolio of 90 senior housing properties, incurring a $600 million loss on an investment of $1.8 billion. The Wall Street Journal reports Blackstone has been selling off the properties in a series...
Whitestone REIT (NYSE: WSR) has acquired the 90,391-square-foot World Cup Plaza in the Dallas suburb of Frisco, Texas. Located adjacent to FC Dallas: Toyota Stadium, World Cup Plaza was developed in 2007 and hosts a mix of retailers and restaurants, including Blue...
Investors are continuing to make their impact felt in both high-end and affordable housing markets, according to Realtor.com’s Investor Report Mid-Year Update. While overall home sales declined 4.2% year-over-year in the second quarter, investor purchases fell...
Advanced Real Estate has acquired The Cove at West Covina, a 138-unit Southern California apartment community, for $41 million. Formerly known as Langdon Park, the gated property offers a mix of units ranging from studio to three-bedroom configurations. The...
MCB Real Estate, a Baltimore-headquartered commercial real estate developer and investment management firm, is renewing its’ attempts to acquire Houston-based Whitestone REIT (NYSE: WSR) by offering to purchase all the outstanding Whitestone shares for $15.20 per...
The delinquency rate for commercial mortgage-backed securities (CMBS) surged by 23 basis points in October to 7.46%, according to new data from Trepp Inc. One year ago, the delinquency rate was at 5.98%, a difference of 148 basis points. Last month, the overall...
