MREG formed a joint venture with Palin Enterprises to develop the site in August 2014, city records show. Palin purchased the site in 2006 for $84.57 million.
1 min read · 07 July 2016
With investors flocking to the safety of US Treasury bonds and benchmark interest rate hikes on hold, a ‘flight to quality’ into US CRE seems inevitable US lenders and analysts are eyeing a post-Brexit ‘flight to quality’ as investors seek the stability of US assets, currency and government (though the presidential election raises some serious […]
3 min read · 07 July 2016
The financing went to Thor Equities which purchased the two office and retail properties from a joint venture between DDM Development and Communecon Group for a $75.5 million, city records show.
1 min read · 07 July 2016
Barclays Bank and Morgan Stanley have reportedly teamed up on a $700 million fixed-rate loan to refinance the Easton Town Center, a high-end shopping complex in Columbus, Ohio.
1 min read · 06 July 2016
The five-year, floating rate loan went to an affiliate of the KBS Growth and Income REIT, which purchased the asset from Unico Properties for $69 million, bringing the LTV to 68.7 percent.
1 min read · 06 July 2016
Three more investment managers today called a halt on redemptions from their open-ended UK real estate funds, bringing the total number of firms with frozen property funds in the wake of the Brexit vote to six.
2 min read · 06 July 2016
The Mortgage Bankers Association (MBA) has projected that originations of commercial and multifamily mortgages will total $500 billion in 2016, a hefty number given the volatility that the CRE finance market has experienced so far this year.
2 min read · 06 July 2016
Falling UK commercial property prices are likely to put pressure on several domestic and Irish banks, although the reduction of their exposure to the sector in the last five years means that their capital provisions have materially improved, according to an analyst report published by JPMorgan Cazenove.
4 min read · 06 July 2016
The surprise Brexit vote blindsided the US CRE finance industry and could potentially derail modest progress to the faltering US CMBS markets, according to Kroll Bond Ratings agency.
2 min read · 06 July 2016
The largest loan in the Wachovia Bank Commercial Mortgage Trust 2006-C25 (WBCMT 2006-C25) CMBS securitization has been transferred back into special servicing, Fitch Ratings warned this week.
1 min read · 06 July 2016
