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....
Percentage Of Commercial Loans Paying Off Hits 12-Month Low
The percentage of commercial real estate loans paying off on their balloon date hit a 12-month low last month, according to new data...
Landmark NYC Office Tower To Be Half-Converted Into Condos
One of the New York City's most prominent office towers is being reinvented as a luxury condominium. The New York Times reports that...
Fed Survey: Loan Demand Up, Lending Standards Still Tight
Loan demand for commercial and residential real estate has strengthened, but U.S. banks are mostly maintaining tight lending standards, according to the Federal...
Trepp: Commercial Real Estate Problems Fueled New Bank Failures
Commercial real estate exposure was the main source of problem loans for the eight banks that failed in July, according to new data...