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Archive for January 19th, 2025
As wave of commercial loans comes due, concerns rise over tougher payment options
This month alone, $8.6 billion of commercial mortgage-backed security loans are scheduled to come due. That’s putting pressure on the property lending system after years of leniency on holders of maturing debt — and leading some industry professionals to expect an increase in foreclosures. The debt maturities on the 16 loans of $100 million or […]
Amazon picks Georgia for $11 billion investment in data centers
Amazon Web Services’ latest target in its acceleration of multibillion-dollar data center development is Georgia, where the cloud computing giant has been scooping up hundreds of acres over the past few months. AWS, a subsidiary of Amazon, plans to spend $11 billion over an undisclosed period to expand its infrastructure in Georgia to support cloud […]
Will this Chicago office sale lead to world’s tallest teardown?
Chicago’s real estate community is abuzz in recent days after word emerged that one of the city’s tallest skyscrapers is set to sell for about $70 million, a steep discount from the last time it changed hands, although the object of their chatter is not primarily the sale price. More tantalizing is the long-shot prospect […]