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...
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 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...
The Real Deal A lawsuit filed against Bayerische Versorgungskammer, the German pension fund known as BVK, has requested a US federal judge to freeze proceeds from the recent sale of the 703,537-square-foot Transamerica Pyramid office tower in San...
The CMBS trusts that hold a $167 million loan against the fee interest in, or ground beneath, the 11 million-sf office building at 300 South Riverside Plaza in Chicago have filed to take the asset through foreclosure...
David Simon, chairman, chief executive and president of Simon Property Group, died yesterday after a two-year battle with cancer He was 64 Simon joined the Indianapolis REIT’s predecessor in 1990, shepherding the mall owner through its initial...
Lisa Pendergast, who was named head of the Commercial Real Estate Council 10 years ago, has announced her retirement, effective early August Pendergast, a long-time industry veteran, joined the trade organization from Jefferies, where she was...
Commercial Real Estate Direct Staff Report Romspen Holdings Inc has placed the $54 million stalking horse bid for the equity interest in the entity that owns the former Motorola campus in Austin, Texas Bids are due today The property, which sits on...
Commercial Real Estate Direct Staff Report Walker & Dunlop, among the top agency lenders in the country, was asked last year to buy back $100 million of loans it originated on behalf of Freddie Mac as a result of fraud committed by a borrower...
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