DebtX: Commercial Real Estate Loan Values Down Slightly In July
The aggregate value of commercial real estate (CRE) loans priced by Boston-based DebtX that collateralize commercial mortgage-backed securities (CMBS) was 88.3% as of...
Trepp: CMBS Delinquency Rate Dropped In August
The delinquency rate for U.S. commercial real estate loans in commercial mortgage-backed securities (CMBS) fell 21 basis points (bps) to 10.13% in August,...
Axiometrics: National Effective Rents Up Slightly In July
National effective rents increased 0.54% from June to July, bringing year-to-date effective rent growth up to 4.42%, according to new data from Dallas-based...
NAR: Commercial Real Estate Recovering At Slow Pace
A slowdown in job creation and a lack of loan availability have hampered growth in some areas of the commercial real estate industry,...
Historic Black College Declares Bankruptcy To Halt Foreclosure Auction
Morris Brown College, a 131-year-old historic black college based in Atlanta, has filed for Chapter 11 bankruptcy in order to prevent its property...
New REIT To Fund D.C.-Area Projects Built With Union Labor
A new real estate investment fund (REIT) is raising money to finance commercial developments using union contractors in the region between Baltimore and...
CMBS Special Servicer Volume Down
The balance of commercial mortgage-backed securities (CMBS) loans in special servicing was $80.5 billion as of June 30, compared to $83.1 billion at...
HUD Forecasts Possible Problems With LIHTC-Based Multifamily Housing
A new report by the U.S. Department of Housing and Urban Development (HUD) has determined that the vast majority of the 2.2 million...
Pebblebrook Hotel Trust Acquires W Los Angeles
Bethesda, Md.-based Pebblebrook Hotel Trust has acquired the 258-room W Los Angeles - Westwood hotel for $125 million. The property will continue to...
Wells Fargo Tops Midyear Ranking For Commercial Servicers
Wells Fargo, PNC Real Estate/Midland Loan Services and Berkadia Commercial Mortgage LLC led the midyear rankings of top commercial and mortgage servicers, as...
Health Care REIT Acquires Sunrise Senior Living
Toledo, Ohio-based Health Care REIT Inc. has entered into a definitive agreement to acquire all of the outstanding common stock of McLean, Va.-based...
Chesapeake Lodging Trust Acquires Chicago Luxury Hotel
Annapolis, Md.-based Chesapeake Lodging Trust has acquired the 520-room W Chicago - Lakeshore for a purchase price of $126 million from Starwood Hotels...
Rezoning Vote Seeks To Expand NYC Housing
One of the most congested and expensive U.S. housing markets is on track to see a slight expansion. According to a report in...
San Francisco Approves Housing Complex For LGBT Seniors
San Francisco's Planning Commission has unanimously voted to create the city's first affordable housing development and activities center specifically for seniors within the...
Cushman & Wakefield Acquires Cousin Properties’ Client Services Business
New York-based Cushman & Wakefield has announced its plans to acquire the Atlanta- and Dallas-based third party client services business of Cousins Properties...
Prominent NYC Hotel Purchased By Former Owner
Five years after selling the Essex House, one of the most prominent hotels in New York City, Chicago-based Strategic Hotels & Resorts has...
Irish Commercial Property Portfolio Sold For $567M
Kennedy Wilson, an international real estate investment and services firm based in Beverly Hills, Calif., has teamed with the European Commercial Real Estate...
Green Building Sector Attracts $4B In Venture Capital Funds
Venture capitalists have poured more than $4 billion into the green building industry since 2000, according to a new report released by Boston-based...
Buy One Building, Get A Second Building For Free?
Here's something you don't see every day: an offer to purchase one commercial property while getting a second commercial property for free. BizJournals.com...
Global Office Rents And Real Estate Values Little Changed In Q2
Global office rents and real estate values have increased modestly during the second quarter of this year, according to new data from CBRE....