Finance & Investment
Multifamily to Benefit from Improving CRE Finance
San Diego–Lack of capital is no longer the main problem for real estate finance, according to Jones Lang LaSalle’s 2011 Commercial Real Estate Financing Outlook.
HIT Invests in Green Multifamily
Washington, D.C.–The AFL-CIO Housing Investment Trust has made a foray into energy-efficient developments, including multifamily projects and mixed-use projects with multifamily components.
New Partnership Focuses on Fractured Condo Niche
Washington, D.C.–Fairfield Residential and McWilliams-Ballard have joined forces, forming the Property Portfolio, to take on the business of fractured condominiums.
SPECIAL REPORT: Mortgage Bankers See Turning Point in CRE
San Diego–Mortgage bankers acknowledge that the commercial real estate sector has stabilized, property valuations have recovered, and liquidity has returned to the sector, but they are also cautious about the future.
Yonkers IDA Green-Lights Incentives for Modern Affordable Housing
Yonkers, NY–The Yonkers Industrial Development Agency has finalized a set of economic development incentives that will facilitate the construction of a seven-story, 77-unit affordable-housing apartment building in the city.
Aftermath of the ‘Busted’ Condo Boom
Rental developers are learning that they can no longer find quality condos at discount prices.
GSE Lending Expectations for 2011
While debate continues about the GSEs, 2011 is expected to be an even stronger year for Fannie Mae and Freddie Mac multifamily financing.
ICP Financial Goes Hunting for Distressed Properties
Boulder, Colo.–Investment specialist ICP Financial has inked a $4.8 billion deal with an unnamed but large European bank to buy distressed properties and mortgage portfolios directly from American banks.
Economy Watch: Employment Still on the Rise?
ADP reports an increase in private-sector employment; Moody’s expects improvement for CMBS in 2011; and construction is at a decade-long low.
Q&A with Mortgage Equicap’s Daniel Hilpert
Daniel Hilpert, managing director of Mortgage Equicap, talks to MHN about changes to the mortgage industry.