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CHICAGO—Term defaults among Fitch-rated loans remain low; however, the firm's Brook Sutherland notes that more than three quarters of last year's term defaults were on 2006- and 2007-vintage CMBS.
LOS ANGELES—Thursday, councilmember Gil Cedillo proposed a motion that will require contractors to publicly disclose any bids on President Trump's border wall project.
NEW YORK CITY—New York City-based real estate investment firm FBE Limited has acquired 60-68 West 107th St. for $51.9 million, according to brokerage firm Eastern Consolidated, which represented the buyer and the seller in the transaction.
SAN DIEGO—The design firm hosts a grand-opening event at its new state-of-the art ground- and second-floor offices at 225 Broadway in Downtown San Diego after moving from its 16th-floor space in the same building. GlobeSt.com was on the scene.