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...
Moody’s: Domestic CMBS issuance to rise this year
According to Moody’s, U.S commercial mortgage-backed securities (CMBS) issuance this year will reach $67 billion, up from last year’s total of $66 billion....
Triple Net Properties acquires Congress Center
Triple Net Properties LLC, on behalf of NNN Congress Center LLC, has purchased the 524,784 sq. ft. Congress Center for $136.1 million. The office building,...
Moody’s report: Multifamily, retail hold strongest position in 2003
Moody’s latest Red-Yellow-Green report on U.S commercial mortgage-backed securities (CMBS) is cautiously optimistic about real estate’s near-term future....
Report: CMBS servicers to consolidate this year
The number of U.S. commercial mortgage-backed securities (CMBS) servicers will continue to thin out this year, according to New York-based Fitch Ratings....
Wells Makes Its Move
Wells Real Estate Funds has spent most of its 18-year history flying under the radar buying nondescript, single-tenant suburban office buildings. Now,...
Lenders on alert
Despite the weakening economy and soaring vacancy rates in many property types, loan delinquencies and foreclosures have not risen to the point where...
Grabbing Market Share
The nation's four largest title insurance companies are competing to develop technology capable of delivering complex commercial real estate transactions...
As a defensive play, investors focus on capital preservation
Throughout much of the 1990s and early 2000, capital preservation was an endangered investment species. That's not surprising, given the fact that the...
Outbidding the German Uber-bidders
Ten years ago, German investors dominated the bidding for blue-chip New York City office buildings, winning such trophies as Lever House and the Seagram...
New Boston Fund launches sixth investment fund
New Boston Fund has established a $350 million closed-end, commingled investment fund to be called Fund VI. This is the sixth commingled real estate investment...
Post cuts 2003 dividends, and analysts expect more to follow
Post Properties, the nation’s eighth-largest apartment REIT, announced yesterday that it will cut its quarterly dividend for the first quarter of 2003...
MBA: 2003 originations expected to reach $1.77 trillion
Expect modest increases in mortgage rates over the next 18 months, which will slow originations to near $1.77 trillion, advises the Mortgage Bankers Association...
Taking the Floating-Rate Gamble
A slow recovery in the U.S. economy has prompted more and more borrowers to bet that interest rates won't be rising anytime soon. And still others, fueled...
Wealth of ideas: Symposium offers sound advice for high-net-worth investors
NEW YORK — Ask 10 commercial real estate experts to define exactly what constitutes a high-net-worth investor, and chances are you’ll come up with several...
Fitch: CMBS default rates rising
Increasing default rates among the three core property types in commercial mortgage-backed securities (CMBS) drove the cumulative default rate up in 2001,...
