A new data analysis has determined 59 of the nation’s largest banks face exposures to commercial real estate greater than 300% of their total equity capital. The data analysis was published by Dr. Rebel A. Cole, Lynn Eminent Scholar Chaired Professor of Finance in...
The Correctional Service Canada announced the transfer of the Saint-Vincent-de-Paul Penitentiary in Laval, Quebec, to Canada Lands Company (CLC) by the end of the year. CLC is a self-financing, federal Crown corporation specializing in real estate and development, and...
Echo Real Estate Capital Inc. has acquired the Rampart Medical Campus, a two-building, 71,000-square-foot medical office development located in Denver. The Denver Post reported one of the buildings was sold for nearly $4.5 million and the other was sold for $4.1...
Seven Hills Realty Trust (Nasdaq: SEVN) has named Matthew Brown appointed as chief financial officer (CFO) and treasurer. Brown is a senior vice president of The RMR Group (NASDAQ: RMR), an alternative asset management company where he oversees the accounting and...
Detroit-headquartered Rocket Companies (NYSE: RKT) has announced its acquisition of the Seattle-headquartered brokerage Redfin (NASDAQ: RDFN) for $1.75 billion, or $12.50 per Redfin share. “Rocket and Redfin have a unified vision of a better way to buy and sell...
A Nigerian national extradited to the US made his initial appearance in a Miami federal court on Friday to face accusations for his role in an $8 million fraud scheme that obtained loans in connection with the phony purchases of approximately 20 residential properties...
