Commercial Real Estate
CMBS Delinquency Rate Soars by 51 Basis Points to 7.86%
Four of the five property sectors tracked by Trepp recorded CMBS delinquency rate increases in July. Continue Reading CMBS Delinquency Rate Soars by 51 Basis Points to 7.86%
Report: Banks in Talks to Lend $15 Billion for Google-Backed Anthropic Data Center in Texas
Morgan Stanley is leading a consortium of banks that would provide funding for this project. Continue Reading Report: Banks in Talks to Lend $15 Billion for Google-Backed Anthropic Data Center in Texas
Q1 Medical Outpatient Building Sector Shaped by Robust Growth and Tight Supply
Investment sales totaled $1.8 billion in the first quarter, up 36% year-over-year. Continue Reading Q1 Medical Outpatient Building Sector Shaped by Robust Growth and Tight Supply
Brookfield Business Corp. Sells Multiplex Construction Business to Japanese Firm
Multiplex has operations across Australia, Canada, and the UK. Continue Reading Brookfield Business Corp. Sells Multiplex Construction Business to Japanese Firm
Joint Venture to Convert DC Office Property into Multifamily Community
The financial terms of the project were not disclosed. Continue Reading Joint Venture to Convert DC Office Property into Multifamily Community
NYC Council Members Ask Mamdani to Seize Private Property Adjacent to Underground Railroad Site
Mamdani’s office did not comment on the lawmakers’ letter. Continue Reading NYC Council Members Ask Mamdani to Seize Private Property Adjacent to Underground Railroad Site
Hits and Misses for the Real Estate Week of June 8-12
A new CFPB director is named, New York City nuns address the affordable housing shortage, and Alec Baldwin tries once more to sell his Hamptons estate. Continue Reading Hits and Misses for the Real Estate Week of June 8-12
Prudent Growth Partners Acquires Dallas-Area Retail Center for $7.4 Million
The property is currently 100% occupied and features a diverse mix of food, medical, retail, and service-oriented tenants. Continue Reading Prudent Growth Partners Acquires Dallas-Area Retail Center for $7.4 Million
OpenAI Accuses Chinese-Influenced Operatives of Manipulating US Opinions on Data Centers
The operatives “specified in their prompts that the content should not include China’s leader Xi Jinping in the output and instead include only President Trump.” Continue Reading OpenAI Accuses Chinese-Influenced Operatives of Manipulating US Opinions on Data Centers
University of Florida Plans $1.45 Billion Renovation for Ben Hill Griffin Stadium
The stadium, nicknamed “The Swamp,” opened in 1930 and underwent several improvements over the years, most recently in 2012. Continue Reading University of Florida Plans $1.45 Billion Renovation for Ben Hill Griffin Stadium
Kansas City Mayor Proposes Public Funding to Expand Two-Year-Old Soccer Stadium
The stadium is home to the Kansas City Current of the National Women’s Soccer League. Continue Reading Kansas City Mayor Proposes Public Funding to Expand Two-Year-Old Soccer Stadium
Report: Law Firms Drove Q1 Office Leasing Activity
The report noted law firms leased 31% more office space over the past four quarters than they did in pre-pandemic 2019. Continue Reading Report: Law Firms Drove Q1 Office Leasing Activity
