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CMBS Delinquency Rate Drops to 4.67%

CMBS Delinquency Rate Drops to 4.67%

by Phil Hall | Apr 2, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The delinquency rate for commercial mortgage-backed securities (CMBS) dipped by 4 basis points to 4.67% in March, according to new data from Trepp LLC. Year over year, the overall CMBS delinquency rate is up 158 basis points from 3.09%. The percentage of loans that...
Alamo Drafthouse Cinema Chain Reportedly Up for Sale

Alamo Drafthouse Cinema Chain Reportedly Up for Sale

by Phil Hall | Mar 29, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Alamo Drafthouse Cinema chain is reportedly available for sale. According to a report by the entertainment news outlet Deadline culled from unnamed sources, there is no asking price floated for the chain, which spans 41 locations across 13 states. Unlike other...
Blackstone Sells Southern California Industrial Property Portfolio for $1 Billion

Blackstone Sells Southern California Industrial Property Portfolio for $1 Billion

by Phil Hall | Mar 29, 2024 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Rexford Industrial Realty Inc. (NYSE: REXR), a real estate investment trust focused on industrial properties in Southern California, has acquired approximately 3 million square feet of industrial properties from Blackstone (NYSE: BX) for $1 billion. The combined...
Amazon Seeks $1.3 Billion in Savings by Reducing Office Vacancies

Amazon Seeks $1.3 Billion in Savings by Reducing Office Vacancies

by Phil Hall | Mar 28, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The e-commerce giant Amazon Inc. (NASDAQ: AMZN) plans to save nearly $1.3 billion over the next few years by reducing the quantity of its office vacancies. According to a Business Insider report sourced from an obtained internal document and input from an unnamed...
North Las Vegas Repurchases Land from Abandoned Medical Property Development

North Las Vegas Repurchases Land from Abandoned Medical Property Development

by Phil Hall | Mar 28, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The City Council of North Las Vegas, Nevada, has approved plans for a $52.95 million buyback of 135 acres of land that was sold two years ago for a medical property development. According to a report in the Las Vegas Review-Journal, the property was acquired by...
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