Finance
Freddie Mac Sells Off $706M in Delinquent Loans
Four of the five pools were purchased by an affiliate of Lone Star Funds.
Bellwether Enterprise Secures $411M in Loans
The mortgage banking subsidiary of Enterprise Community Investment Inc. closed 40 deals worth a total of $411 million in loans last month.
Economy Watch: Pimco Predicts Stormy Times Ahead for CRE
The company’s recent report points to several factors that could lead commercial real estate prices to fall as much as 5 percent in the next year.
CMBS Scrambles to Comply with New Regulatory Regime
The blizzard of new regulations on commercial mortgage programs took center stage at this week’s CRE Finance Council annual conference.
One Liberty Properties Buys Distribution Center for $24M
The 420,000-square-foot property in El Paso is leased through 2022 by a Fortune 1000 company.
Trouble Ahead for Maturing CMBS Loans
By Jay Maddox, Principal, Avison Young: The CMBS lender landscape has changed dramatically, and failing to plan ahead could cause major problems for borrowers.
HFF Arranges $70M Financing for Pittsburgh Lifestyle Center
The retail center is part of the 130-acre McCandless Crossing mixed-use development in northern Pittsburgh.
Amid Caution, Bank Lending Remains Robust
Despite regulatory warnings about banks’ rising exposure to commercial real estate, lending volume has showed little signs of slowing down in 2016.
RXR Sells Stake in Manhattan’s 61 Broadway
RXR Realty sold a 49 percent stake in the 33-story tower to an overseas investor, while also securing $290 million in recapitalization financing.
Hodges Ward Elliott Arranges $65M Luxury Hotel Offshore Sale
Following the sale, Viceroy Miami has been rebranded as W Miami, and it is now part of Starwood Hotels & Resorts.