Kilroy Sees Leasing Rebound But Still Has 1M SF Of Expirations Looming

October 29, 2025 / no comments

Kilroy Realty got a leasing boost in the third quarter from San Francisco’s rapidly rebounding real estate market, but it still has a large wave of impending vacancies.
The Los Angeles-based REIT signed approximately 552K SF of leases in Q3, with 315K SF of those leases renewals. That total is Kilroy’s highest-ever third-quarter performance. 
Kilroy also reported that of the 1.9M SF of leases it had previously reported as expiring in 2026, it had signed renewals for all but 970K SF, giving the company a 40% retention rate. 
However, most, if not all, of those remaining 970K SF are expected to move out, CEO Angela Aman…

Alexandria Stock Drops 19% After Warning Deeper Losses Are Coming

October 29, 2025 / no comments

The nation’s leading developer of lab buildings watched its shares lose 19% in value Tuesday after reporting widening losses, shrinking operating income and open spaces lingering on the market longer than anticipated.
Alexandria Real Estate Equities posted a $234.9M net loss in the third quarter, more than double its losses from three months prior, according to its quarterly earnings statement, which was released Monday evening.
A dramatic change in guidance spooked investors. Alexandria had previously projected it would bring in 50 cents of net income per share in 2025, but it revised that to a projected $2.94-per-share loss.
It attributed the change in part to expected losses from dispositions,…

Merchants Bank reports fewer mortgage fraud problems in Q3

October 28, 2025 / no comments

Merchants Bank of Indiana revealed it had fewer bad loans attributable to mortgage fraud in its most recent quarter. The regional bank wrote down about $30 million in loans in the third quarter, citing declines in multifamily valuations and ongoing investigations into borrowers suspected of mortgage fraud.  This marked an improvement from last quarter, when Merchants revealed it wrote down $46.1 million in loans, making it one of the first banks to acknowledge problems pertaining to an ongoing investigation into commercial mortgage fraud.  Merchants reported its third-quarter earnings on Wednesday. They come during a time when regional banks are hoping […]

This article originally appeared on The Real Deal. Click here to read the full story.

NJ title company owner reaches plea deal in mortgage fraud case

October 28, 2025 / no comments

Joshua Feldberger of Universal Abstract pleaded guilty to playing a minor role in a multimillion-dollar mortgage fraud case. The Department of Justice charged Feldberger of Howell, New Jersey, in September 2024, along with Arthur Spitzer and Mendel Deutsch — both Toms River, New Jersey-based — over a scheme that allegedly allowed Spitzer to obtain loans for real estate properties he never owned. Prosecutors alleged Spitzer orchestrated a ploy in 2019 and 2020 in which he identified properties in New Jersey or Brooklyn without mortgages or mortgages below the property’s market value.  Spitzer would then obtain loans on those properties he […]

This article originally appeared on The Real Deal. Click here to read the full story.