Construction risk management practice continues to grow as more buyers seek to rehab or reposition older assets and more lenders finance those efforts.
The action against the Pittsburgh-based lender by the U.S. Attorney’s Office in Miami is similar to an inquiry into Wells Fargo & Co. over its purchase of the credits.
Pimco’s analysts warn that rising inflation and interest rates should serve as potential warning signs for investors, according to MarketWatch. J.C. Penney’s stock price fell to its lowest level since the Great Depression, reports Reuters. These are among today’s must reads from around the commercial real estate industry.
