Brookfield Property is developing a 700,000-square-foot regional mall in South Norwalk, Connecticut on West Avenue next to I-95. Construction is nearly complete and the property, called the SoNo Collection, is scheduled to open in October. The mall will be anchored by Bloomingdale’s and Nordstrom’s, … [Read more...] about 8.15.19: Malls Are Not Dead. A New Mall Rises in Connecticut!
The Trepp CMBS delinquency rate rose modestly in March. This is the first time the rate has ticked up since June 2017. The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.55%, up 4 basis points (bp) from the February level, which was the lowest reading since September 2016. … [Read more...] about 3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June
Country Bank has been ranked 22nd by dollar value of SBA loans approved in 2011, according to "Crain’s New York Business" in its New York Area’s Top SBA Lenders list. Country Bank approved $8.575 million of SBA 7(a) loans in 2011. In 2010, Country Bank was not ranked. The rankings included SBA 504 … [Read more...] about 12.5.11: Country Bank Rises to 22nd Spot on Crain’s Top SBA Lenders
Even as woes mount in the commercial real estate market, a once-vital source of funding for commercial property owners is showing signs of life. In the coming weeks, banks, including J.P. Morgan, Chase & Co., Goldman Sachs Group Inc. and Citigroup Inc., are expected to launch two offerings of … [Read more...] about 7.21.10: CMBS Market Rises from Ashes of Collapse*