SAN DIEGO — President George W. Bush’s proposed HUD budget for next year was roundly praised by the Mortgage Bankers’ Association of America at the group’s annual convention in San Diego, which began yesterday. The...
SAN DIEGO — A survey of mortgage bankers conducted by the Mortgage Bankers Association of America (MBA) reports that mortgage originations were up over 5% for 2002. "The strong performance of loan originations in the...
The Lower Manhattan Development Corp. is moving closer to redeveloping the site of the World Trade Center — even as the need for 11 million sq. ft. of replacement office space is anything but urgent. The downtown...
The most expensive private-sector development in the nation is swiftly taking shape. Within months, the $1.7 billion AOL Time Warner Center will be open for business in Midtown Manhattan. Already it soars 750 feet...
Although its near-term forecast is clouded by the United States’ potential conflict with Iraq, Starwood Hotels & Resorts Worldwide Inc. has reported a 12% revenue increase for the fourth quarter of 2002...
According to Fitch Rating’s 2003 REIT Scorecard, all four main REIT sectors — retail, industrial, multifamily and office — will likely see further deterioration through this year. The firm also lowered its multifamily...
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. International issuance, however, will ebb slightly to $35...
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. Multifamily housing holds the strongest position, with...
Leasing volume in Manhattan rose by nearly 2 million sq. ft. over 2001 levels, according to a new report from Cushman & Wakefield. A total of 20.8 million sq. ft. of office space was leased in 2002, up from 18.9...
