The real estate developers TF CornerStone and RXR are teaming on a proposed New York City mixed-use property that could become the tallest and most expensive skyscraper ever constructed in the country. Business Insider reports the project, dubbed 175 Park Avenue,...
The commercial mortgage-backed securities (CMBS) delinquency rate spiked by 17 basis points in December to 6.57%, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 206 basis points. The percentage of loans that are seriously...
The retailer Discount Tire, through its affiliated real estate division, Halle Properties, LLC, has acquired the 275,208-square-foot office property Desert Ridge Corporate Center I and II in Phoenix. Desert Ridge spans two four-story, multi-tenant office buildings...
Tech billionaire Larry Ellison has crossed the Atlantic to buy a London office property for roughly $202.8 million. The Oracle co-founder acquired the property from the Hong Kong listed investor Chinese Estates. According to a CoStar report, the West End property at...
A 191,128-square-foot office building in Norwalk, Connecticut, that last sold in September 2018 for $16.5 million has changed hands for $5.9 million. The Hartford Business Journal reported the six-story building, which was built in 1988, was sold by Hanover Real...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
