A private equity firm that tried to purchase a portfolio of JCPenney stores last year is making another attempt to buy the properties. Retail Dive reports Needham, Massachusetts-based Onyx Partners is offering $934 million for 117 properties, or roughly $8 million per...
Spending on data center construction totaled $22.3 billion in June, the second-highest monthly total on record. According to a new data report from ConstructConnect, June’s total was second only to the January record high of $25.5 billion. Year-to-date spending on...
The delinquency rate for commercial mortgage-backed securities (CMBS) surged this month 51 basis points to 7.86%, according to a data report from Trepp Inc. One year ago, the rate was at 7.23%. Thomas Taylor, senior manager for research at Trepp, attributed July’s...
Churchill Downs Inc. (NASDAQ: CHDN) announced that it is considering the sale of nine of its wholly owned gaming properties. According to the Paulick Report, the company stated in a filing with the Securities and Exchange Commission (SEC) that it has completed...
Hedge fund executive Ken Griffin has secured the final parcel that allows him to proceed with the full-block site for his company’s future downtown Miami headquarters. The Miami Herald reports that city commissioners approved a no-bid sale of the historic 121-year-old...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
