News
Terreno Realty Corporation Pays $10.4M for Another Industrial Property in Annapolis Junction
Terreno Realty Corporation has acquired another industrial property in the Baltimore/Washington Corridor. The San Francisco-based company paid approximately $10.4 million to buy the property at 9070 Junction Drive, in Annapolis Junction. The deal closed on February 19.
Southern Lifestyle To Build $325M Mixed-Use Development on Former Cattle Ranch
A Lafayette-based developer plans to start work on a massive, mixed-use development in the Baton Rouge metro area. The $325 million project will replace a former cattle ranch with retail stores, apartments and homes.
California Bioscience Firm Opens Diagnostic Lab near Tucson
By Balazs Szekely, Associate Editor A health diagnostics laboratory is soon to arrive at the Tucson scene. LCMS Laboratories Inc. announced a new commercial lease agreement for an undisclosed amount of space at 10831 N. Mavinee Drive, Suite 105 in Oro Valley. Bob Davis of Rein & Grossoehme Commercial Real Estate represented LCMS Laboratories in […]
Cantor Commercial Funds $110M for 7-Property Hotel Portfolio
Real estate capital intermediary HFF announced on February 24th that it has arranged mortgage financing worth $110 million for a seven-property, full-service hotel portfolio that totals 2,566 keys. The portfolio includes properties from Florida, California, Virginia, Ohio, and New Mexico.
Economy Watch: Is the Housing Market Faltering or Just a Little Slow?
Although the economy as a whole is finally getting stronger, housing is looking softer.
A Varied Market
By Reginald Booker With almost 3,000 different lenders and many tens of thousands of loans made each year, there is currently more than $940 billion in mortgage debt outstanding. But there is remarkable diversity in lending for multi-family rental properties. Loans vary considerably, as do the types of lenders. Nowhere is this clearer than in looking at the average size of loans made by different lender types. Multi-family loans made by and for life insurance company portfolios had the largest average loan size in 2013, according to recently released data, at $22 million. The government-sponsored enterprises’ (Fannie Mae and Freddie…
Slow Starts
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Elevated Employment
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
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