CHICAGO--A venture of Marquette Cos., Hunt Development Group and American Realty Advisors has purchased and financed the 22-story multifamily building at 1401 S. State St. with a $49.3 million fixed-rate loan...More
Amid mounting concern that underwriting standards for U.S. commercial mortgage-backed securities (CMBS) are on the decline, Fitch Ratings contends the post-recession crop of conduit loans are still less risky than those securitized in 2007....More
A year ago, the prospect of hundreds of new rules coming down the pike from government regulators had lenders worried over what the government would require...More
Developers Diversified Realty formed a $62 million joint venture with Cole Real Estate Investments, a privately-held real estate investment firm, for the ownership of Independence Commons...More
The credit crunch and a slowing economy will likely act as a business-booster for Matthew Bordwin, managing director and co-group head of real estate...More
Craig S. Jones: Seniors housing finance will have a decidedly vanilla flavor in the future. NREI : How has underwriting changed in seniors housing? Jones: It seemed like everyone was pushing the box regarding loan-to-value and debt service coverage and insurance......Read more of Craig S. Jones' interview...More
Excess capital in equity and debt financing markets delivered an eventful 2006, and promises more of the same in 2007. But the commercial real estate finance story to look for this year is the brutal competition among investors to snap up unstabilized properties...More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?