The delinquency rate for commercial mortgage-backed securities (CMBS) rose by 28 basis points to 5.98% in October, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 135 basis points from 4.63% in October 2023. Last month’s...
The Wendy’s Company (NASDAQ: WEN) has become the latest restaurant chain to close locations, with 140 eateries set to be shuttered in the fourth quarter. The closures were announced Thursday during the company’s earnings call. According to a report in Restaurant Dive,...
Westcliff, a Montreal-based real estate development and management company, has completed its acquisition of the Champlain Place mall in Dieppe, New Brunswick. Located on a 60-acre site, the 784,372-square-foot Champlain Place is the largest shopping center in New...
A historic hotel in downtown San Jose was sold for roughly half the price of its previous ownership transfer. SiliconValley.com reported the Hotel De Anza was acquired for $11.5 million by an ownership group led by Dhaval Panchal, a Northern California hotelier. The...
Hyatt Hotels Corporation (NYSE: H) is partnering with the Spanish tourism firm Grupo Piñero on a joint venture to manage the Bahia Principe-branded hotels and resorts and own the Bahia Principe brand. The joint venture encompasses 23 resorts totaling over 12,000...
Rent Discounts Spread to 43.5% of Listings as Apartment Owners Fight for Te…
