The commercial mortgage-backed securities (CMBS) delinquency rate spiked by 17 basis points in December to 6.57%, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 206 basis points. The percentage of loans that are seriously...
The S&P CoreLogic Case-Shiller US National Home Price NSA Index recorded its 17th straight new high, with a 3.6% annual return for October. This is down slightly from a 3.9% annual gain in the previous month. The 10-City Composite saw an annual increase of 4.8%,...
Soccer great Lionel Messi held an initial public offering (IPO) of his real estate properties, valuing the portfolio at $232 million. Bloomberg reports Messi’s company, Edificio Rostower Socimi, is listed as a real estate investment trust (REIT) on the Portfolio Stock...
The homebuilder Century Communities Inc. (NYSE: CCS) is now selling homes from its Century Complete brand at Hewett Place, a new community in Supply, North Carolina. Hewett Place offers 101 single-family homesites with five floor plans available up to 1,765 square...
Murray H. Goodman, a prominent real estate developer who pioneered the concept of the super-regional shopping mall, passed away at the age of 99. Goodman was born in Bethlehem, Pennsylvania, on Nov. 10, 1925, the son of Lithuanian immigrants. He served for...
Los Angeles-based Flying Horse Investments LLC, a retail-focused real estate investment firm, has completed its acquisition of Fiesta Palms Shopping Center, a 53,630-square-foot specialty grocery-anchored shopping center in the Greater Phoenix metro area. According to...
