Commercial Real Estate Direct Staff Report The real estate arm of brothers Michael and David Shabsels last month filed for Chapter 11 bankruptcy protection in US Bankruptcy Court for the District of New Jersey The unit, Damis Holdings LLC, owns 55...
Since the start of the year, REITs have generated a 149% total return to investors, according to NAREIT, beating the Russell 1000 stock index by 46 percentage points That's a reversal from last year, when the index's 174% return beat REIT returns by...
A venture of Brookfield Asset Management and the Canada Pension Plan Investment Board has agreed to buy LXP Industrial Trust, formerly Lexington Realty Trust, for $6120/share in a deal valued at roughly $52 billion, including the assumption of debt...
Kathy Hochul, governor of New York, signed an executive order yesterday establishing a one-year moratorium on the development of data-center properties with power capacities of 50 megawatts or more It’s the first statewide ban to be passed in...
Last year, at least 25 data-center projects throughout the country were canceled because of local resistance, a quadrupling of the number of projects that were nixed in 2024, according to Newmark...
The major public mortgage REITs originated $52 billion of commercial real estate loans during the first quarter But their collective portfolios shrunk by 1% to $8237...
The Daily Herald Officials in Lake County, Ill, are said to be implementing an eight-month moratorium on new data-center projects Staff for the county, which is a northern suburb of Chicago, are working to establish definitions, zoning...
Slate Grocery REIT, which owns 115 retail properties, most of which are anchored by grocery stores, has formed a committee to evaluate strategic alternatives The Toronto REIT is affiliated with and managed by Slate Asset Management, a Toronto...
AvalonBay Communities and Equity Residential have agreed to merge, creating the nation's largest publicly traded apartment REIT with an enterprise value of $69...
Industrial Realty Group is contributing 98 of its properties with 48 million square feet into Sachem Capital Corp, a publicly traded mortgage REIT that will be renamed IRG Realty Trust Inc The transaction will result in the creation of a sizable...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
