Also this week, Pier Sixty-Six in Fort Lauderdale is moving onto the next phase.
MGM operates 31 casinos and hotels, concentrated in Las Vegas, but it has previously sold off many of its real estate properties.
The Fay multifamily high-rise in San Jose slipped into foreclosure in January.
McCarthy plans to use the AI giant's technology to streamline project cost estimating, contracts, bidding, logistics and equipment planning.
The move comes nearly a year after Authority Brands hired its CEO from Atlanta-based InterContinental Hotel Group.
The delinquency rate for multifamily CMBS loans has steadily risen since 2023 as macroeconomic headwinds make it harder for borrowers to refinance.
Penn brought on partners to renovate a West Philly student housing complex. A Northern Liberties multifamily property is being refinanced for $43M.
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