New York City-based Global Net Lease Inc. (NYSE: GNL), a real estate investment trust focused on income producing net lease assets, continued its strategic disposition plan with the sales of The Plant Shopping Center in San Jose, California, for $95 million and the...
A historic Newport mansion built during the Gilded Age has become the most expensive Rhode Island residence to sell this year. The Newport Daily News reported the sale of The Orchard for $10.8 million. Built in 1873 and located on a 4.75-acre property along Newport’s...
The delinquency rate for commercial mortgage-backed securities (CMBS) inched up by one basis point in August to reach a level of 5.44%, according to new data from Trepp Inc. But unlike in many previous months when the office sector was responsible for driving up the...
Finland’s Defense Ministry is seeking to ban real estate purchases within the nation by Russian nationals and companies. According to a press statement, a working group appointed by Minister of Defense Antti Häkkänen created a report on the issue, which will be...
The owners of an Oregon-based real estate investment company have been charged with defrauding individual investors and commercial lenders out of more than $18 million. According to the indictment, Robert D. Christensen and Anthony M. Matic are accused of conducting a...
The U.S. Department of Justice (DOJ) announced a $38.2 million settlement with the City of Los Angeles to resolve allegations of intentionally failing to meet federal accessibility requirements related to Department of Housing and Urban Development (HUD) grant funds...
Hits and Misses for the Real Estate Week of May 11-15
