The commercial mortgage-backed securities (CMBS) delinquency rate dropped by 16 basis points to 4.25% in August, according to new data from Trepp Inc. This marked the second decline in the last six months. “For four of the five major commercial real estate (CRE)...
William J. Tessar, the former president of CIVIC Financial Services, has announced the opening of the private lender CV3 Financial Services LLC. The new company will be headquartered in Los Angeles and will provide financing options including bridge, fix and flip...
Elon Musk is reportedly under two separate federal investigations for using corporate funds from Tesla (NASDAQ:TSLA) on a secret project to build himself a glass house residence in Austin. The Wall Street Journal, sourcing its coverage from unnamed “people familiar...
In the wake of Monday’s resignation of Kenny Parcell as 2023 President of the National Association of Realtors following a New York Times article where he was accused of sexual harassment against NAR staff and members, the organization has announced President-elect...
Cincinnati-headquartered Core Specialty Insurance Holdings Inc. is entering the mortgage reinsurance market. Core Specialty will provide excess of loss reinsurance on selected Freddie Mac and Fannie Mae mortgages. The company has also entered into an advisory...
One of the most architecturally distinctive residences in Canada has been listed for sale at $12.8 million. Eppich House II by the prominent Canadian architect Arthur Erickson was designed in 1979 and completed in 1988. The 1.18-acre West Vancouver property is notable...
Hits and Misses for the Real Estate Week of Aug. 24-28
