The commercial mortgage-backed securities (CMBS) delinquency rate rose 14 basis points to 4.39% in September, according to new data from Trepp LLC. This is the second-highest reading for the CMBS delinquency rate since the end of the Covid-19 pandemic. Year over year,...
The New York City Economic Development Corp. (NYCEDC) issued a Request for Proposals (RFP) for a developer to lease, redevelop, and operate the Kingsbridge Armory, a 570,000-square-foot historic site in the Bronx and one of the largest armory buildings in the world....
1st Century Bank, the Los Angeles-based division of the privately-owned MidFirst Bank, announced its expansion into the San Diego market. This endeavor is being led by Jason Shidler, who joins 1st Century Bank as senior vice president and senior managing director....
W.P. Carey Inc. (NYSE: WPC), the New York City-based net lease real estate investment trust, announced that it will begin to jettison the office assets within its portfolio. The company is exiting the office space in a two-pronged approach. The first strategy involves...
A 100-year-old San Francisco theater which has been shuttered for nearly two decades may soon be starting a new chapter as a 76-unit affordable housing complex. According to a report in the San Francisco Chronicle, the Alexandria Theater in the city’s Richmond...
Greystone Housing Impact Investors Reports $32.6 Million Comprehensive Loss
