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...
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...
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...
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,...
Enronitis Dampens Loan Market
A STOCK-MARKET DRUBBING and general business anxiety have finally made their presence felt on the market for commercial mortgage-backed securities (CMBS)....
The Rush to Credit Tenants
Single-tenant, net-lease properties are a hot commodity these days. Case in point: Inland Real Estate Acquisitions the buying arm of Inland Group, well-known...
Making Real Estate Finance More Professional
As the list of financial meltdowns in Corporate America continues to grow, Thomas Wratten thinks the timing is perfect for the commercial real estate...
MID-YEAR MARKET REPORT
HALFWAY THROUGH THE YEAR, Enrique Wong has completed just seven deals about half of what he did during the first six months of 2001. Investors, owners...
DIRECT LENDERS: BIGGER WACHOVIA SEEKS BIGGER SHARE
THE SEPTEMBER 2001 MERGER OF WACHOVIA and First Union has not only created a banking giant Wachovia Corp. with 20 million customers and $322 billion in...
INTERMEDIARIES: GROWTH SPURT CONTINUES FOR GMAC
AFTER ORIGINATING $19.3 BILLION in real estate loans in 2001 and claiming the No. 2 spot on NREI's Top Financial Intermediaries survey, GMAC Commercial...
