Commercial Real Estate
Hits and Misses for the Real Estate Week of Aug. 17-21
A real estate fraudster being chased by the FBI, an ex-CEO trying to take over his former company, and the upcoming demolition of a historic site in sports betting. Continue Reading Hits and Misses for the Real Estate Week of Aug. 17-21
11-Acre Oceanfront Long Island Beach Club to Be Auctioned in Bankruptcy Sale
The 22,740-square-foot New York Beach Club, along with the neighboring parcel, is one of the largest privately controlled oceanfront assemblages available within commuting distance of Manhattan. Continue Reading 11-Acre Oceanfront Long Island Beach Club to Be Auctioned in Bankruptcy Sale
Midtown Manhattan Building Evacuated After Support Beams Buckled and Bricks Fell
The site was evacuated and no injuries were reported. Continue Reading Midtown Manhattan Building Evacuated After Support Beams Buckled and Bricks Fell
North Carolina Wedding Venue Owner Pleads Guilty to Wire Fraud
The statutory maximum penalty for the wire fraud charge is 20 years in prison. Continue Reading North Carolina Wedding Venue Owner Pleads Guilty to Wire Fraud
Survey: 4 in 10 Canadian Manufacturers Moved or Plan to Relocate Production to America
While most manufacturers (80%) are planning to keep their headquarters in Canada, 11% plan to move their headquarters to the US within the next five years. Continue Reading Survey: 4 in 10 Canadian Manufacturers Moved or Plan to Relocate Production to America
Former FHA Commissioner Frank Cassidy Rejoins Walker & Dunlop
“Frank returns to Walker & Dunlop at a defining moment in the housing industry,” said Sheri Thompson, executive vice president and head of affordable housing at Walker & Dunlop. Continue Reading Former FHA Commissioner Frank Cassidy Rejoins Walker & Dunlop
MIT Museum to Receive Project Archives of Architect IM Pei
The China-born Pei graduated from MIT in 1940 with a degree in architecture. Continue Reading MIT Museum to Receive Project Archives of Architect IM Pei
Anthropic Signs 20-Year, $19 Billion Lease for Kentucky Data Center Campus
The campus will accommodate approximately 401 megawatts (MW) of IT load Continue Reading Anthropic Signs 20-Year, $19 Billion Lease for Kentucky Data Center Campus
Historic Pittsburgh Site of National Negro Opera Company Receives $1.75 Million Grant for Restoration
In 2020, the National Trust for Historic Preservation named it one of the country’s 11 most endangered historic places. Continue Reading Historic Pittsburgh Site of National Negro Opera Company Receives $1.75 Million Grant for Restoration
CoStar Group Debuts Platform for French Commercial Real Estate Market
“France is one of the most important real estate markets in the world,” said Andy Florance, founder and CEO of CoStar Group. Continue Reading CoStar Group Debuts Platform for French Commercial Real Estate Market
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
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