Commercial Real Estate
PROREIT Acquires 2 Industrial Portfolios for $136.8 Million
The company added that more acquisitions are expected to occur during the third quarter. Continue Reading PROREIT Acquires 2 Industrial Portfolios for $136.8 Million
CMBS Delinquency Rate Drops by 20 Basis Points
Trepp attributed the drop to the lodging sector, which posted a 78 basis points decline to 5.22%. Continue Reading CMBS Delinquency Rate Drops by 20 Basis Points
CMBS Delinquency Rate Up 41 Basis Points to 7.55%
One year ago, the CMBS delinquency rate was 6.65%. Continue Reading CMBS Delinquency Rate Up 41 Basis Points to 7.55%
Chicago Bears Give Illinois Lawmakers More Time to Resolve Obstacles for a New Stadium
“We don’t have a set deadline, but I am confident that sometime this spring/summer, we’ll know,” said Bears President Kevin Warren. Continue Reading Chicago Bears Give Illinois Lawmakers More Time to Resolve Obstacles for a New Stadium
Hits and Misses for the Real Estate Week of March 23-27
Mortgage rates on the rise, Habitat for Humanity turns 50, and a new TV series help seniors consider housing options. Continue Reading Hits and Misses for the Real Estate Week of March 23-27
Thor Equities Acquires Historic NYC Mixed-Use Property for $56 Million
Thor Equities, a real estate development, leasing, and asset management firm, announced its acquisition of 1165 Broadway, a 58,000-square-foot, mixed-use office and retail property in New York City, for $56 Million. Located in Manhattan’s NoMad District, the property...
Sanders and AOC Seek Moratorium on AI Data Center Construction
The Artificial Intelligence (AI) Data Center Moratorium Act would enact an immediate federal moratorium on these facilities. Continue Reading Sanders and AOC Seek Moratorium on AI Data Center Construction
Report: Trump Open to Relocating Madison Square Garden as Part of Penn Station Redevelopment
The arena has been at its site since 1968, and the proposal calls for a public plaza to replace the 820,000-square-foot building. Continue Reading Report: Trump Open to Relocating Madison Square Garden as Part of Penn Station Redevelopment
DC Office Building Sold for $24 Million, Will Become Rental Housing
“The entire thing needs to be gutted on the inside,” said Hossein Fateh, Dalian Development’s founder and CEO. Continue Reading DC Office Building Sold for $24 Million, Will Become Rental Housing
Nautilus 220, Luxury Mixed-Use Development, Opens in Florida’s Palm Beach County
Nautilus 220 features 330 condominium residences in two 24-story towers. Continue Reading Nautilus 220, Luxury Mixed-Use Development, Opens in Florida’s Palm Beach County
New Mexico State Fair Site to be Redeveloped with Housing and a Stadium
The project can only proceed as designed if several privately owned parcels at the southwest corner of the fairgrounds can be acquired. Continue Reading New Mexico State Fair Site to be Redeveloped with Housing and a Stadium
Investor Consortium Acquires Montreal’s Historic Windsor Station
The 326,000-square-foot Windsor Station opened in 1889 and served as the headquarters of the Canadian Pacific Railway until 1996. Continue Reading Investor Consortium Acquires Montreal’s Historic Windsor Station
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