Finance & Investment
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.
Even Better Times Ahead for Apartment Market: Marcus & Millichap
Whether apartment owners decide to hold on to their properties or or take them to market, this is going to be a good year for them.
ALCO Management Secures Financing for Affordable Housing Rehab Project
Memphis–ALCO Management has obtained funding packages totaling over $8 million for the upgrading of four apartment communities in Tennessee.
Q&A with Behringer Harvard’s Jason Mattox
Behringer Harvard invested nearly $900 million in commercial real estate assets in 2010–nearly double its 2009 number. Chief Administrative Officer Jason Mattox talks about the company’s strategy.