Finance
JLL Hotels Secures $75M in Financing for St. Regis Aspen Resort
Jones Lang LaSalle Inc.’s Hotels & Hospitality Group has secured $75 million in financing on behalf of 315 East Dean Associates for the luxury property.
How to Maintain Servicing Levels When Originations are Down
In the wake of the CMBS industry downcycle during the Great Recession, servicers may be having to figure how to maintain the volume of their business. One strategy may be to acquire other servicing companies.
ULI Special Report: The Money Market
Investors on two ULI capital markets panels evaluate opportunities both domestically and abroad, and track the flow of foreign capital.
Trammel Crow, Principal Sign ConocoPhillips to 850 KSF Lease in Houston’s Energy Corridor
The energy company will be the sole occupant of a 550,000-square-foot office tower scheduled for completion in 2015 and will move into an additional 300,000 square feet at a companion building the following year.
Canyon Capital, Citi Launch $800M Workforce Housing Fund
The partners’ new investment vehicle will target the acquisition of workforce housing in underserved communities across the country.
Economy Watch: Freddie Mac in the Black; Las Vegas Home Sales Improve
The government-sponsored enterprise reported net income of $4.6 billion for the first quarter, compared to $4.5 billion for the fourth quarter of 2012.
Manhattan M-F Portfolio Attracts $94.4M in Financing
A 12-property apartment portfolio in Manhattan has just been refinanced to the tune of $94.4 million, courtesy of Beech Street Capital L.L.C.
Economy Watch: Home Prices Continue Upward Trajectory; Jobs Openings Fall; Consumer Credit Rises
Home prices were up 10.5 percent, providing more evidence that the housing market is in recovery mode; jobs openings fell from 3.9 million to 3.8 million; and consumer credit saw an increase.
JLL’s Denny St. Romain: Financing from Life Companies, Conduits, Banks
At the 2013 Mortgage Bankers Association CREF/Multifamily Housing Conference, Denny St. Romain, managing director of Real Estate Investment Banking at Jones Lang LaSalle, discusses three sources of commercial real estate financing today: life companies, conduits and banks.
Vic Clark: Conduits Compete Directly with Fannie, Freddie
At the 2013 Mortgage Bankers Association CREF/Multifamily Housing Conference, Vic Clark, managing director of Centerline Capital Group, explains the increasing competitiveness of CMBS financing in the commercial real estate world.