In redesigning the Homemakers Furniture store in Des Moines, Iowa, architect International Design Forum was charged with creating a more contemporary, consistent and appealing furniture shopping experience that established the brand as an...
CMBS delinquency rates rose again in February, according to the two firms that track the sector...
Realpoint’s rate stands at 8.28 percent while Trepp’s rate is 9.39 percent. Realpoint counts $62.42 billion in CMBS loans as delinquent. Of that, $6.66 billion is 30 days past due, $4.18 billion is 60 days past due, $25.91 billion is 90 or more...
The delinquent unpaid balance stands at $62.42 billion out of a total unpaid balance of $754.27 billion. The resultant delinquency rate stands at 8.28 percent, just a hair below the high of 8.29 percent reached in December 2010. The delinquency...
The overall delinquency rate in February rose 5 basis points. The increase was slightly below the 14-basis-point increase posted in January. The resultant percentage of loans 30+ days delinquent, in foreclosure or REO is at 9.39 percent, eclipsing...
Kite Realty Group secured a $21 million long-term loan for International Speedway Square, a 230,000-square-foot power center in Daytona, Fla. The loan features a 10-year term and a fixed 5.77 percent interest rate. Kite used the net proceeds from...
Joliet Crossings 2010 LLC appointed Newmark Knight Frank as exclusive retail leasing agent for Joliet Crossings, an open-air mixed-use development in Joliet, Ill. The 37-acre project recently underwent a financial restructuring under the oversight...
While the retail industry’s attention in recent weeks has been focused on Borders' Chapter 11 filing, there is another retail giant with a massive store portfolio that may be raising alarm bells in the near future.
For years now, Sears Holdings...
