This week’s top leases, sales and financing deals in NYC.
Hamilton Beach Brands Holding (NYSE:HBB – Get Rating) declared a quarterly dividend on Wednesday, May 18th, Zacks reports. Shareholders of record on Wednesday, June 1st will be given a dividend of 0.105 per share on Wednesday, June 15th. This represents a $0.42 dividend on an annualized basis and a…
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A Dallas-based real estate company reportedly in the middle of a $1 billion shopping mall buying and redevelopment binge purchased the financially distressed Fairlane Town Center in Dearborn today plus another mall with plans to turn it into a mixed-use development.Centennial Real Estate,…
The plea by Robert “Bobby” Corrao, president of Natale Development, represents an extension of the wide-ranging probe of Rochester real estate mogul Robert C. Morgan and three other defendants.
Price growth on U.S. commercial real estate eased away from its recent all-time highs in March, according to the Commercial Property Price Indices (CPPI) National All-Property...
Bank of America is leaving its Troy regional headquarters.The Charlotte, N.C.-based bank’s decision to not renew its expiring lease at 2600 W. Big Beaver Road marks perhaps the biggest local office tenant loss of the pandemic so far. It is a major blow to the New York City-based landlord who bought…
NEW YORK, May 3, 2021 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets, has released a report examining the pool of loans that became delinquent during the first three months of the COVID-19 crisis.
The bond world isn't exactly known for embracing technology, particularly since until fairly recently most fixed-income trades were still conducted by telephone. But bond traders in the notoriously niche $600 billion commercial mortgage-backed securities market (CMBS), now have more ways than ever to tap Big Data when betting on a recovery - or decline - of specific hotel properties or a cluster of shopping malls.
NEW YORK, April 21, 2021 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets, has released an analysis on multifamily occupancy across the United States. The analysis can be accessed here: https://info.trepp.com/trepptalk/multifamily-occupancy-analysis-areas-of-concern-in-major-us-markets.
The real estate market has two growing problems: a serious short-age of affordable housing, especially for renters, and hospitality and office buildings in distressed states because of COVID-19. Could the second challenge offer a solution for the first? "We should convert vacant commercial space to supportive and affordable housing, and we should do it now," New York Gov.
The real estate market has two growing problems: a serious short-age of affordable housing, especially for renters, and hospitality and office buildings in distressed states because of COVID-19. Could the second challenge offer a solution for the first? "We should convert vacant commercial space to supportive and affordable housing, and we should do it now," New York Gov.
The owner of Destiny USA, the largest shopping center in New York, is exploring a possible restructuring of the struggling property's municipal and mortgage-backed debt obligations, people familiar with the matter said. Pyramid Management Group has hired financial adviser Houlihan Lokey Inc.
NORFOLK - Facebook was abuzz over the weekend about MacArthur Center in downtown Norfolk being marketed for sale, but the online flier referenced in the post was incorrect, according to a real estate services firm. Mike Mahgerefteh, an agent at Prestige Realty Group and lifelong Norfolk resident, saw the "for sale" listing for the mall at 300 Monticello Ave.
NORFOLK - Facebook was abuzz over the weekend about MacArthur Center in downtown Norfolk being marketed for sale, but the online flier referenced in the post was incorrect, according to a real estate services firm. Mike Mahgerefteh, an agent at Prestige Realty Group and lifelong Norfolk resident, saw the "for sale" listing for the mall at 300 Monticello Ave.
The pandemic has justifiably renewed concerns about the fragility of the CMBS market and the possibility of a new, commercial, mortgage crisis. While government support, fiscal stimulus and short-term debt relief have temporarily scaffolded many businesses, commercial real estate-and therein CMBS-continues to face gale-force headwinds.
The pandemic has justifiably renewed concerns about the fragility of the CMBS market and the possibility of a new, commercial, mortgage crisis. While government support, fiscal stimulus and short-term debt relief have temporarily scaffolded many businesses, commercial real estate-and therein CMBS-continues to face gale-force headwinds.
In some of the country's largest shopping malls, the strategy to add theme-park-like attractions to make up for declining foot traffic looks less like a lifeline and more like a burden. Efforts to woo back customers with amusement park features like mini-golf, laser tag and Ferris wheels have been disrupted by pandemic-driven restrictions.
In some of the country's largest shopping malls, the strategy to add theme-park-like attractions to make up for declining foot traffic looks less like a lifeline and more like a burden. Efforts to woo back customers with amusement park features like mini-golf, laser tag and Ferris wheels have been disrupted by pandemic-driven restrictions.
CHICAGO - Chicago's economy is slowly starting to thaw, with businesses reopening and people returning to bars, restaurants and more. But the city's hotels remain in a world of hurt. "Our industry was brought to its knees," says Michael Jacobson, president and CEO of the Illinois Hotel and Lodging Association.