The highlight of Jason Joseph's career as the CEO of Trilogy Investment Co. was the real estate solution he devised during the global financial crisis.
Ashford Hospitality Trust extended a mortgage loan backing its "most valuable pool of assets" totaling 18 hotels and valued at nearly $1.1 billion to secure more time to find new financing, officials told investors.
Merchants Capital has closed a $237 million short-term loan for the Park Hill Apartments complex in Staten Island, providing crucial financing for one of New York's largest affordable housing developments as it prepares for a comprehensive rehabilitation.
Franklin Street Properties, a real estate investment trust, is reviewing all strategic options for its 4.8 million-square-foot office portfolio amid weak leasing and two-and-a-half years of reported losses.
This week’s column examines a missed payoff date for a $1.1 billion CMBS loan, debt downgraded on a New York landmark and stabilizing loan delinquencies. Read the entire piece by clicking “read more” below.
URW has made a habit of livening up the investment market. Remember the Ateliers Gaîté offices, sold for €172.5 million to the joint venture formed by Swiss Life Asset Managers and Norges Bank IM; the sale of 80% of the Trinity tower, also to Norges Bank IM, for €360 million; or a 15% stake in Westfield Forum des Halles to CDC Investissement Immobilier for €235 million.
The U.S. Federal Reserve is holding steady on its benchmark lending rate, leaving the real estate industry and President Donald Trump waiting for the cut they desire.
Real estate services firm Newmark Group raised its earnings outlook for the year as it posted double-digit revenue and profit growth from what executives called a strengthened pipeline of deal activity.
Developers Black Salmon, LD&D in a joint venture with IGEQ and Salt Lake City-based Bridge Investment Group have refinanced the group’s Miami arts district apartment complex Wynwood Haus.
The Bank of Canada held its overnight lending rate steady again, a decision that may disappoint both commercial property professionals and consumers who had hoped for further cuts.
CBRE, the world's biggest real estate services firm, raised its earnings outlook for the year after posting double-digit growth in second-quarter revenue.
A Blackstone executive who this year took the helm of the investment giant's private real estate investment trust was among those killed when a gunman opened fire at the company's New York headquarters on Monday.