No. 2 Middle Man Gains Momentum
Even as real estate fundamentals continue to decline, incredibly low interest rates have enabled many borrowers to refinance their loans on commercial...
Top 25 Financial Intermediaries
1. Bank of America/Banc of America Securities LLC100 N. Tryon St.Charlotte, NC 28255Web site: www.bofa.comEugene J. Godbold, EVP/Head of Real Estate Group;...
Wachovia Securities: Recovery Slow To Take Shape
Northern California, Denver, Indianapolis, Atlanta and several Texas metros top the list of Wachovia Securities’ weakest real estate markets at mid-year....
Two REITs Test Publicly Traded Waters
Amid a protracted IPO drought, two real estate investment trusts (REITs) are testing publicly traded waters. Los Angeles-based office landlord Maguire...
Fed Cuts Rates Again
The Federal Reserve has slashed a key short-term interest rate by one-quarter percent, bringing the rate to its lowest level in nearly 50 years. That...
LaSalle Buys Resort Near D.C for $115.8M
In one of the largest single asset hotel sales this year, a struggling Washington D.C.-area resort hotel has traded for $115.8 million. LaSalle Hotel...
No Simple Rules for Debt Risk
Recession-driven pressure on debt losses won’t match that of last decade’s recession, says a new report from Torto Wheaton Research. While the Boston-based...
Make plans to attend UCLA Extension’s Real Estate Finance Conference
Mark your calendars to hear today’s most active dealmakers discussing their views on key challenges and opportunities in the market. The 10th annual UCLA...
Morgan Stanley Buys Lend Lease’s U.S Real Estate Assets
After weeks of speculation, Morgan Stanley has agreed to buy most of Lend Lease’s U.S real estate investment arm. The purchase will bring Morgan Stanley’s...
Moody’s Still Bullish On Freddie Mac
Despite Freddie Mac’s recent accounting and management woes, Moody’s is confident in Freddie Mac’s risk management capabilities and overall financial...
Senior Level Shakeup At Freddie Mac
Freddie Mac, the second biggest U.S mortgage finance company, has fired its president and COO over his apparent unwillingness to cooperate with an audit...
S&P Economist: You Call This A Recovery?
Standard & Poor Chief Economist David Wyss praised consumer spending during New York University’s Hospitality Investment Conference earlier this week....
MBA: Another Record Breaker on Tap for Loan Originations
A whopping $3 trillion worth of mortgages will be written during this year, reports the Mortgage Banker’s Association of America. If the MBA is correct,...
Cap Rates Continue To Wane, Reports Torto Wheaton
Analysts and investors have been concerned about an apparent disconnect between the real estate capital market and space-market fundamentals for many...
Will the Buying Frenzy in Retail Real Estate Continue?
While other sectors in commercial real estate saw transaction volume sink last year, anybody in the retail end of the business will tell you that 2002...
NREI's Top 40: The Biggest Lenders and Intermediaries
THE FOLLOWING RANKINGS are based on responses to NREI's Top Lender Survey questionnaire and reflect total dollars financed or arranged in commercial real...
NREI Survey Ranks Wachovia As No. 1 Commercial Lender
NREI's 12th annual Top Lender Survey might best be described as a battle of the banking titans from Charlotte, N.C. In the direct lending category, Wachovia,...
Fitch: Corporate debt took a hit in 2002
The corporate debt markets last year weathered the worst credit conditions in a decade, reports Fitch Ratings. A three-pronged storm was to blame as weak...
Enticing Returns
Michael Brennan, president and CEO of First Industrial Realty Trust Inc., knows a sell signal when he sees it. When he saw prices for industrial properties...
Moody's: Multifamily best-performing asset class
Nearly one quarter of all collateral securing CMBS in 2002 were multifamily properties, making the multifamily sector the third largest asset class after...
Help or Hindrance?
Most apartment owners cheered in 2001 when a new law was passed to gradually phase out the estate tax, but a closer examination shows that the law could...
A 1031 Exchange Vehicle for Small Investors
Investors have long used 1031 Exchange deals to defer taxes when swapping old properties for new ones in their portfolios. Now, thanks to a 2002 Internal...
MBA: Commercial mortgage originations up 5%
SAN DIEGO — A survey of mortgage bankers conducted by the Mortgage Bankers Association of America (MBA) reports that mortgage originations were up over...
Mezz Debt Is a Magnet for Borrowers and Lenders
The combination of historically low interest rates and tighter underwriting standards on senior loans has made mezzanine debt highly attractive to borrowers....
Pension Funds Plan to Plow $14B into Real Estate in 2003
Occupancy may be down and sale prices high in many property types, but pension funds have big plans for buying commercial real estate in 2003. The funds...
