April, the most recent month for which data is available, showed a decline in the all-property 30+ days CMBS delinquency rate, according to both Trepp and Fitch Ratings.
WeWork Cos. is in talks with banks about arranging a $2.75 billion credit line ahead of a planned initial public offering, according to people with knowledge of the matter.
Brookfield Asset Management Inc.’s New York-based real estate unit is seeking to raise $1 billion for a fund that would take advantage of generous new tax breaks available to investors in low-income U.S. communities, according to people familiar with the matter.
The Blackstone Group has sold more than $1 billion in Invitation Homes shares, reports the Wall Street Journal. Walmart is planning to build a new headquarters on a 350-acre site in its hometown of Bentonville, Ark., according to the Dallas Morning News. These are among today’s must reads from around the commercial real estate industry.
