TGI Fridays Files for Bankruptcy Protection
Dallas-headquartered TGI Fridays has become the latest restaurant chain to face acute financial problems, with a Chapter 11 bankruptcy protection filing on Saturday designed to “ensure the long-term viability” of the casual dining brand. The Associated Press reports...
Hits and Misses for the Real Estate Week of Oct. 28-Nov. 1
A pushback against offshore wind turbines, an indefinite delay on an important decision and a landmark law turns 50. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 28 to Nov. 1. Hit: The Answer is Blowin’ in the...
CMBS Delinquency Rate Rises to Nearly 6%
The delinquency rate for commercial mortgage-backed securities (CMBS) rose by 28 basis points to 5.98% in October, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 135 basis points from 4.63% in October 2023. Last month’s...
Miami Real Estate Broker Faces Homicide Charge for Boat Crash Fatality
A prominent Miami commercial real estate broker was charged with homicide after new information emerged about his condition during a boat crash that killed a 17-year-old passenger. The Miami Herald reported George Pino, president of State Street Realty, drove his...
Former Home of Gambino Crime Family Boss Listed for $18 Million
While Manhattan is usually the center of New York City’s luxury real estate market, a mansion on Staten Island is now in the spotlight thanks to its historic listing price and colorful history. Mansion Global reported the luxury residence built in 1980 as the home for...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
