Commercial Real Estate

ROCHESTER — Matthew Thomas Onofrio, a real estate investor who owns multimillion-dollar properties in Rochester, recently pleaded guilty to one count of federal bank fraud and forfeited $35.7 million stored in a Rochester bank. As […]

Stress is mounting in US commercial real estate, with distressed assets surging to $64 billion, per Bloomberg.  What’s worse is that another nearly $155 billion of CRE assets are at risk of turning bad. Higher […]

Chicago’s commercial property market is in the deep freezer. Tough lending and economic conditions had many commercial property owners and investors hitting the pause button last quarter. Commercial property sales in Chicago during the first […]

This has been an opportunistic year for many private equity and lending firms. Traditional bank lending has dried up, with up to 45% of commercial real estate (CRE) projects having to find alternative funding. Many […]

Some US banks are preparing to sell off property loans at a discount even when borrowers are up to date on repayments, a sign of their determination to reduce exposure to the teetering commercial real […]

For the past 18 months or so, there’s been a steady drip-drip of reporting on how work from home is hurting commercial office space. And we just got another data point about just how badly: […]

Commercial real estate veteran Bill Katter recently began writing a new chapter in his career after 18 years with United Properties, a gig that found him working on the $450 million RBC Gateway development in […]

By Rich Miller | Bloomberg US commercial real estate prices fell in the first quarter for the first time in more than a decade, according to Moody’s Analytics, heightening the risk of more financial stress […]

  A home stands behind a real estate sign in a new development in York County, South Carolina, US, February 29, 2020. [Photo/Agencies] With the US still trying to get its arms around some recent […]