Allison Landa
Rattner Joins Konover South as VP, Acquisitions
Throughout his career, Rattner has sourced and developed nearly four million square feet of retail and mixed-use projects and in 2008 founded Blue Sky Holdings, a private real estate investment advisory firm focusing on retail and multi-family acquisitions.
Jobless Claims on Rise
The Department of Labor said Thursday that seasonally adjusted jobless claims were up to 500,000 in the week ending Aug. 14, up 12,000 from the previous week.
Miami Beach’s 409-Room Royal Palm Hotel Trades for $126.1M in Foreclosure Auction
Sunstone acquired the Royal Palm, prominently located in the middle of South Beach, unencumbered; although, the company had previously acquired a portion of the outstanding debt on the property at a discount in a separate transaction, which, according to the hotel REIT, leaves an economic gross acquisition price of approximately $117 million.
Fannie Mae/Freddie Mac–Where Do We Go From Here?
Plenty of ideas on the future of mortgage lenders Fannie Mae and Freddie Mac emerged during a conference on housing finance hosted by the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development on Tuesday, August 17.
Grandbridge Closes $40.5M Housing Transaction for University of Louisville’s The Province
The fixed-rate loan was originated and closed by Grandbridge’s Columbus, Ohio office. Funding was provided by Freddie Mac under its Capital Markets Execution loan program, with financing secured for a new venture sponsored by The Edwards Companies and Kayne Anderson Real Estate Advisors, L.P.
Starwood Completes $178M Commercial Mortgage Securitization
The company separated the loans into senior and junior loans, with the five senior loans contributing a face value of $84 million to the securitization in addition to $92 million in proceeds. Starwood also retained $94 million in junior interests.
Marcus & Millichap Names Firoozabadi VP Investments
Firoozabadi most recently served as associate vice president investments. He received the designation in 2008.
CPE TV: O. Randall Woodbury on Assets Today
IREM president O. Randall Woodbury talks about owners and assets in today’s market.
GSEs Get Tongue-Lashing from Geithner
In a blistering rebuke to government-sponsored entities Fannie Mae and Freddie Mac at this week’s Obama-administration hosted conference on the future of housing finance, Geithner blasted the two for lowering their underwriting standards to provide unbacked guarantees for riskier mortgages while simultaneously accumulating portfolios of mortgage-backed securities that at their greatest reached more than $1.6 trillion.
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