The Westfield Group announced a number of changes to its board and management, including a decision by Executive Chairman Frank Lowy AC, supported by the board, to assume the role of Non-executive Chairman, as well as the appointment of Peter Lowy...
A new report from the Mortgage Bankers Association (MBA) shows that commercial mortgages have performed better than other types of loans over the course of 2010 for banks and thrifts...
From 2007 to 2010, multifamily mortgages accounted for the lowest level of charge-offs for banks and thrifts--$6.1 billion in total. Commercial mortgages were the second lowest charge-off, amounting to $25.9 billion over the four years from 2007...
The charge-off rate on commercial mortgages held by banks and thrifts was 1.36 percent in 2010—the lowest figure for any category. The figure, however, was above the level for 2009 (1.31 percent) and more than five times the 2007 level (0.23...
Blackstone Group’s agreement to acquire Centro Properties Group’s U.S. shopping center portfolio for $9.4 billion is being hailed as a sign that the retail real estate market has officially turned a corner.
The deal means that two Blackstone ac...
Divaris Real Estate Inc. has been appointed as the exclusive leasing agent for six retail centers in Virginia, including Spring Knoll Plaza in Fredericksburg; Willow Oaks Shopping Center and Midway Shopping Center in Hampton; Francisco Village...
