Business Specialties
Fitch Sees Room for Improvement in U.S. CMBS Market
By Keith Loria, Contributing Editor: While there are many favorable aspects to the general health of the U.S. CMBS sector, some areas could bear improvement, according to Fitch Ratings.
Single-Family REITs and Funds in the Improving Housing Market
By Christopher Tower, Regional Managing Partner, Assurance Services at BDO USA L.L.P.: Single-family REITs and funds are well positioned for long-term growth, but they will need to consider a few possible strategies to adjust to an evolving landscape.
Estoppel Certificates: Achieving Certainty
By Manuel Fishman, Real Estate Attorney, Buchalter Nemer: In most every acquisition of a commercial property, the prospective buyer will require that the property’s tenants execute an estoppel certificate. Be sure the right language is included.
Is 2015 Too Spooky for the Capital Markets?
By Nick Roussos, Vice President of Capital Markets, Avison Young: Next year will bring varying degrees of uncertainty for commercial real estate. As we near Halloween, are you haunted by the ghost of Great Recessions Past?
Boylston Gets $57M in Financing for 157-Key Boston Hotel
Residence Inn Boston/Back Bay Fenway has been attracting the attention of Boston visitors since its opening last year, and now the 175-key extended-stay property has caught the eye of the lending community.
Greater Newark Housing Partnership Develops 2 Dozen Affordable Apartments in Newark, NJ
Greater Newark Housing Partnership has teamed with Parkmont Housing and Redevelopment to build 24 new affordable apartments in Newark’s Fairmount Heights neighborhood, inside an abandoned South 10th Street building, which once served as a psychiatric hospital.
Deka Immobilien, Ashkenazy Acquisition JV Buys Manhattan Retail Condo
German real estate company Deka Immobilien GmbH and Ashkenazy Acquisition Corp. have teamed up for the first time to acquire a two-level luxury retail condominium at 522 Fifth Ave. from Morgan Stanley.
Pennrose JV Opens 423 KSF Adaptive Reuse Development in Winston-Salem, NC
After a $54 million investment, Pennrose Properties and C.A. Harrison Cos. have opened the doors of Plant 64, an adaptive reuse development in downtown Winston-Salem, N.C.
IMT Buys 338-Unit M-F Property in Denver from Wood, CBRE
IMT Capital and affiliate IMT Residential have purchased Alta Alameda Station, “a luxurious and eco-conscious apartment home community” in Denver’s South Broadway neighborhood.
Continental Capital Acquires 4-Building Office Portfolio in Raleigh-Durham
Continental Capital Partners has acquired four office buildings in Raleigh-Durham from the Dilweg Cos.