Prudential Mortgage Capital Closes First U.K. Commercial Loan
Newark, N.J.-based Prudential Mortgage Capital Co. has closed a $108 million commercial real estate loan in the U.K., the company's first European-based financing...
Web-Based REIT Investment Format Unveiled
Real estate industry veteran Harold Hofer, a partner in Bonutto-Hofer Investment Partners, and former CBRE CEO Ray Wirta have launched NEXREGEN Real Estate...
OFREE Fund Provides New Liquidity Source For Commercial Lending
Darien, Conn.-based OFREE Fund has opened a secondary fund to provide liquidity to private and hard-money funds, mortgage pools and their investors. Funds...
Prominent NYC Apartment Complex Sold For $210M
The financial problems involving one of New York City's most prominent housing developments have been resolved. According to a Bloomberg News report, the...
U.S. Agency Approves $100M To Finance African Commercial Real Estate
The Overseas Private Investment Corp. (OPIC), the U.S. government's development finance institution, has approved up to $100 million in financing for an investment...
Pebblebrook Hotel Trust Announces Public Offering
Bethesda, Md.-based Pebblebrook Hotel Trust has announced the commencement of a public offering of 4.5 million common shares of beneficial interest, par value...
Ventas Sells 12 Senior Housing Communities For $100 Million
Chicago-based Ventas Inc. has sold 12 senior housing communities to Assisted Living Concepts Inc. (ALC) for a total of $100 million in cash....
NYC Commercial Real Estate Executive Killed In Skydiving Mishap
David Winoker, president of New York-based Winoker Realty Co., was killed in a skydiving accident on June 15. Winoker Realty Co. specializes in...
CREL CDO Delinquencies Down In May
Loan resolutions exceeded new U.S. commercial real estate loan collateralized debt obligations (CREL CDOs) delinquencies last month, resulting in a decline in overall...
BlackRock Creates Fund For European Commercial Property Lending
New York-headquartered BlackRock Inc. is planning to start a fund that will provide direct loans to European commercial property developers. The Financial Times...
Feds Fight California Medical Marijuana Via Commercial Property Seizure Threats
The federal government is seeking to disrupt California's medical marijuana industry by filing lawsuits that seek to seize commercial properties housing marijuana shops....
CampusMBA Hosts June 21 Webinar On Multifamily Housing
CampusMBA, the education arm of the Mortgage Bankers Association, is presenting a webinar on June 21 that focuses on the state of the...
Bloomberg To Offer Reis Commercial Property Data
New York-based Reis Inc. has announced that its commercial real estate information will now be available to subscribers of the Bloomberg Professional service....
Commercial, Multifamily Mortgage Debt Outstanding Up In First Quarter
Commercial and multifamily mortgage debt outstanding increased by $8.1 billion, or 0.3%, in the first quarter, as three of the four major investor...
Indian Company To Pay $575 Million For NYC’s Plaza Hotel
One of the most iconic hotels in New York City is reportedly being sold to an Indian company. The Economic Times, citing 'people...
Canadian Apartment Rental Vacancy Rate Down Slightly
The average rental apartment vacancy rate in Canada's 35 major metropolitan centers decreased slightly to 2.3% in April from 2.5% a year earlier,...
Toronto REIT Eyeballs German Commercial Property Market
A Toronto-based real estate investment trust (REIT) has announced plans to spend $373 million on the purchase of commercial real estate in Germany....
Walker & Dunlop Acquires CWCapital
Bethesda, Md.-based Walker & Dunlop has entered into a definitive agreement to acquire CWCapital LLC, an operating subsidiary of CW Financial Services LLC...
PREA And IDP Create U.S. Property Fund Index
The Pension Real Estate Association (PREA), headquartered in Hartford, Conn., and London-based Investment Property Databank (IPD) are co-sponsoring the new PREA/IPD U.S. Property...
Manhattan Apartment Rentals Hit Record-High Price
The nation's priciest apartment rental market became more expensive in the first quarter, with the average apartment renting in New York City's borough...