The Mortgage Bankers Association (MBA) announced the nomination of Christine Chandler to serve as the organization’s vice chairwoman for the 2024 membership year. Chandler is executive vice president, chief credit officer and chief operating officer with M&T...
The real estate investment trust Park Hotels & Resorts (NYSE:PK) is defaulting on the loan for two of its San Francisco hotels, which it is releasing from its portfolio after citing concerns on the city’s “street conditions” and economy....
Fitch Ratings reduced its 2023 outlook for the U.S. real estate investment trust (REIT) sector outlook from “Neutral” to “Deteriorating,” citing the tumult in the commercial real estate space. While Fitch noted that most of its rated REITs...
The retail sector is dealing with a significant loss of consumer confidence, as a new survey from the National Retail Federation (NRF) found more than half (53%) of Americans stating retail crimes such as shoplifting and looting stores have increased in their...
Elon Musk’s prediction that the U.S. residential real estate market is on the cusp of a collapse received a sharp rebuke from Glenn Kelman, CEO of the brokerage Redfin (NASDAQ:RDFN). On Monday afternoon, the Tesla (NASDAQ:TSLA) chieftain offered a doom-and-gloom...
Office Properties Income Trust Posts $45.8 Million Loss After Bankruptcy Ex…
