Pendergast, most recently head of CMBS Strategy & Risk at Jefferies, effectively replaces Steve Renna, former CEO and president of the industry group.
2 min read · 15 August 2016
The impacts of the oil downturn will continue to negatively impact CMBS loan performance as its effects ripple through the local economies of oil reliant US states.
2 min read · 15 August 2016
The Korean institutional investors have shown growing interest in the distressed real estate market in Europe.
2 min read · 15 August 2016
UK-headquartered debt advisor GLAS has opened an office in Singapore to seize on the opportunities available in the Asia-Pacific market.
1 min read · 15 August 2016
Pbb Deutsche Pfandbriefbank (pbb) is planning to re-enter the US real estate financing market during the second half of this year.
3 min read · 12 August 2016
Cornerstone Real Estate Advisers has sold a San Mateo, California office property for $95 million — $30 million more than the price the firm paid for the asset in 2013.
1 min read · 11 August 2016
SL Green has sold off a 40 percent stake in Eleven Madison Avenue to PGIM Real Estate for $480 million — and the joint venture is seeking to modify the existing mortgage on the property.
1 min read · 11 August 2016
Lenders and developers fueled a record amount of new student housing supply in the US, but the drop in student enrollment should be a cause for concern Student housing has seen a record amount of new supply enter the market each fall for several years now, much of which is considered class A product, according […]
3 min read · 11 August 2016
German bank Aareal has increased its focus on US real estate lending, with around 40 percent of newly-originated loans so far this year written in the market.
2 min read · 11 August 2016
LoanCore Capital has provided a $60 million financing to APF Properties on a 131,358 sq ft mixed-use building near Grand Central Station in Midtown, Manhattan.
1 min read · 10 August 2016
