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Bank OZK is the latest commercial real estate-heavy bank to announce plans to diversify its business. CEO George Gleason emphasized that he's confident in the bank's loan portfolio, but said he thinks misperceptions are dragging down the stock price.
July 22
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Some banks with large commercial real estate concentrations are seeing their stock values take a roller-coaster ride as investors discount their assurances about the wobbly asset class.
June 17
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Pacific Investment Management Co. expects more regional bank failures in the U.S. because of a "very high" concentration of troubled commercial real estate loans on their books.
June 11
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Dean Wheeler will drive the firm's growth push in the U.S. and follows the London firm promoting Serenity Morley to COO, to drive growth globally.
April 2
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Voters approved Proposition C, which offers a tax break for developers to convert up to 5 million square feet of commercial space by 2030.
March 12
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The commercial real estate market is already contending with a historic downturn, but some investors now worry that servicers will make surprise decisions that end up significantly hurting their returns in deals.
March 11
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The Irvine, California-based senior housing and assisted living property firm opened Wednesday at $12.85, after it sold 56 million shares for $12 and closed at $13.22.
February 7
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More clarity around values and an urgent need to address looming debt maturities are expected to spark more deals, a report from Jones Lang LaSalle said.
January 11
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The head of the short-selling firm Muddy Waters said he's short Blackstone Mortgage Trust, saying the publicly traded real estate investment trust is exposed to a perfect storm of economic conditions hitting commercial real estate and may face a liquidity crisis.
December 6
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WeWork, once valued at $47 billion, needs to slash costs and shore up its finances as it tries to continue operating.
November 9
