The delinquency rate for commercial mortgage-backed securities (CMBS) increased from 7.30% in December to January by 17 basis points to 7.47%, according to new data from Trepp Inc. One year ago, the overall CMBS delinquency rate was 6.56%. “The increase was driven by...
At a time when other central banks are cutting interest rates, the Reserve Bank of Australia enacted its first rate hike in three years. The central bank increased its cash rate target by 25 basis points to 3.85%, noting that Australia’s inflation “picked up...
The New York City-headquartered real estate investment firm 11North Partners has hired Ekta Patel as chief operating officer. In her new role, Patel will oversee firmwide operations, coordination across asset management, and platform infrastructure, supporting the...
Singer/songwriter Billie Eilish received a fiery roasting on social media following her Grammy Award acceptance speech last night when she defended the concept of illegal immigration by declaring, “No one is illegal on stolen land.” Leading the X-based mockery of...
The Tampa Bay Rays agreed to cover at least half of the cost for the proposed stadium to be constructed on the site of Hillsborough College’s Dale Mabry campus. The team’s offer is part of a document titled “Update on Tampa Bay Rays Ballpark Discussions” that was...
A pair of former financial services specialists in Virginia were sentenced for conspiracy to commit mail and wire fraud impacting financial institutions relating to their unlawful use of client information to obtain loans. According to court documents, Roberta Leigh...
