Fitch Ratings Forecasts CMBS Default Wave On 2007 Vintage Loans
Many commercial mortgage-backed securities (CMBS) loans that were originated in 2007 will face a difficult refinance challenge because they were underwritten to pro...
Avison Young Acquires Landry & Associates
Toronto-based Avison Young has acquired Landry & Associates Inc., a Las Vegas-based commercial property management firm. The purchase is expected to add 2.6...
Axiometrics: June Apartment Market Data Softens Slightly
The majority of U.S. apartment markets appear to have moderated from their peak effective rent growth levels recorded last summer, according to new...
DebtX: Commercial Real Estate Loan Prices Up In June
The aggregate value of commercial real estate (CRE) loans priced by DebtX that collateralize commercial mortgage-backed securities increased to 88.4% as of June...
Trepp: CMBS Delinquency Rate At Record High
The U.S. commercial mortgage-backed securities (CMBS) delinquency rate set an all-time high in July, moving up 18 basis points (bps) to 10.34%, according...
MBA: Commercial And Multifamily Origination Up In Q2
Commercial and multifamily mortgage origination volumes during the second quarter of this year were up 39% from the first quarter and up 25%...
TDHCA Allocates $48.6M For Affordable Rental Housing Development
The Texas Department of Housing and Community Affairs (TDHCA) has allocated $48.6 million in housing tax credits to developers of affordable rental properties....
Cumulative Fixed-Rate CMBS Default Rate Up 13.2% In Q2
The cumulative default rate for fixed-rate commercial mortgage-backed securities (CMBS) increased to 13.2% in the second quarter of this year, a 25 basis-point...
USGBC: LEED-Certified Commercial Projects Cover 2 Billion Square Feet
The U.S. Green Building Council (USGBC) has announced that the total footprint of commercial projects certified under its Leadership in Energy and Environmental...
Canadian REIT Buys Texas Multifamily Properties
Vancouver-based Pure Multi-Family REIT LP has entered into separate agreements to acquire two multifamily community apartment properties comprising 408 residential units on a...
RER Equities Purchases $33M Florida Commercial Property Portfolio
RER Equities Inc., a Herndon, Va.-based private investment firm specializing in buying distressed real estate debt and underperforming properties, has acquired a portfolio...
Hudson City Bancorp Expands Into Commercial Real Estate
Paramus, N.J.-based Hudson City Bancorp Inc., the holding company for Hudson City Savings Bank, is expanding into commercial real estate lending. According to...
Delinquent Unpaid Balance On CMBS Up In June
The delinquent unpaid balance for commercial mortgage-backed securities (CMBS) in June increased to $60.49 billion, up from $60.3 billion in May and $58.37...
August Auction Planned For Prominent New Orleans Hotel
Auction.com and the investment banking firm Eastdil Secured have announced their plan to hold an Aug. 22 auction for the four-diamond-rated Astor Crowne...
CRE Finance Council Europe Proposes Principles For CMBS Issuances
CRE Finance Council Europe has launched a consultative document outlining principles for new commercial mortgage-backed securities (CMBS) issuance. The trade association's new Market...
GECRE Funds $575M Purchase Of 16.4 Million SF Industrial Portfolio
Norwalk, Conn.-based GE Capital Real Estate (GECRE) has announced the funding of a $575 million first mortgage to affiliates of Blackstone Real Estate...
House Subcommittee To Focus On Dodd-Frank’s Impact On Main Street
In view of the upcoming second anniversary of the passage of the Dodd-Frank Act, the House Subcommittee on Oversight and Investigations will hold...
Rob Speyer Elected Chairman Of REBNY
Rob Speyer, president and co-CEO of Tishman Speyer, has been elected chairman of the Real Estate Board of New York (REBNY), a 12,000-member...
Tech And Energy Firms Fuel U.S. Office Market Growth
West Coast technology and energy firms continued to lead the U.S. office recovery in the second quarter of this year, according to Jones...
Hong Kong Tops List Of World’s Most Expensive Office Markets
Hong Kong topped the global commercial real estate market as the world's most expensive office market, while the Asia-Pacific region accounted for six...