The Lotte Group of South Korea has contracted to buy the New York Palace Hotel in Manhattan for $805 million, notes Reuters. Both commercial and multifamily mortgage delinquencies are continuing to decline, according to recent data from the Mortgage Bankers Association, World Property Journal reports. Palm Beach County, Fla., is enjoying an industrial real estate boom, reveals The Real Deal. These are among todays must reads from around the commercial real estate industry.
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