The Bainbridge Companies LLC, a Wellington, Florida-based real estate firm focused on the multifamily market, has begun construction on Bainbridge Mallard Creek, a Class A community in Charlotte, North Carolina. According to the company, Bainbridge Mallard Creek will...
The Consumer Financial Protection Bureau (CFPB) has filed a proposed order to resolve charges that Townstone Financial, a nonbank mortgage broker and lender, intentionally discriminated against predominantly Black neighborhoods in Chicago in violation of the Equal...
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...
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...
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...
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...
Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
