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...
Capital Square, a Richmond, Virginia-headquartered sponsors of tax-advantaged real estate investments and a developer and manager of housing communities, announced that Jay Olander has joined the company as president and chief financial officer. Olander also serves as...
The tumult surrounding New York Community Bancorp (NYSE:NYCB) became more severe with two ratings agencies cutting its credit grade. Bloomberg reported Fitch Ratings lowered the bank’s long-term issuer default rating from BBB-to BB+, which is one level below...
