BKM Capital Partners and the investment firm Kayne Anderson Real Estate have acquired a 51-property, 8.5 million-square-foot portfolio from the Link Logistics portfolio for $1.81 billion. The acquired portfolio includes multi-tenant light industrial properties across...
The delinquency rate for commercial mortgage-backed securities (CMBS) inched up by one basis point to 7.55% in May, according to new data from Trepp Inc. One year ago, the CMBS delinquency rate was 7.08%. Five large loans accounted for $1.86 billion of the $4.04...
SL Green Realty Corp. (NYSE: SLG) announced the sale of Manhattan’s 10 East 53rd Street office tower for $312.2 million to Meadow Partners, a real estate investment manager specializing in global middle-market transactions. According to the company, the sale will...
Barry Diller’s publishing company People Inc. (NASDAQ: IAC) has submitted a surprise non-binding proposal to acquire MGM Resorts International (NYSE: MGM) in a $48.30 per share all-cash transaction that values the company at $18 billion. People Inc., publishes over 40...
The Phoenix-headquartered food retailer Sprouts Farmers Market (NASDAQ: SFM) is expanding its nationwide presence with plans to open up to 40 new stores in New England over the next few years. The Boston Business Journal reports the first New England-based Sprouts...
PenFed Mortgage Originations Rise 65% to $1.7 Billion Through September
