Nearly all individuals (98 percent) who responded to the CRE Finance Council’s annual Market Outlook survey expect CMBS spread volatility to continue in 2016, reflecting a range of geopolitical and other concerns.
US CMBS issuance ended 2015 just over $101 billion, a post-recession first, according to data from research firm Trepp. That may provide some solace after 2014 failed to hit the triple digits as many had hoped, but the final tally is also significantly lower than many early predictions for 2015.
Private equity firms Patron Capital and Electra Partners have bought the home reversion equity release business of residential landlord Grainger for £325 million.
Capital markets regulation is at the top of US commercial real estate debt specialists’ minds as we enter 2016.
Lenders to property ended the year broadly happy after finding plenty of deals to finance during 2015.
As 2015 ended there was a lot of discussion about the direction for property in 2016 particularly in the UK where the question was whether the market has peaked.
Ireland’s National Asset Management Agency (NAMA) is working on the final composition of two loan portfolio sales with a combined face value of €6.5 billion, which it plans to launch in the first half of 2016.
Votes continue to flow in for our second annual awards, but the accolades are still up for grabs. As battles are fought in key categories, there is still time for early leads to be dashed ahead of the 8 January 2016 voting deadline.
Allianz Real Estate has provided a $237 million (€218 million) loan to finance Patriots Plaza, a government-leased office complex in downtown Washington DC.
M7 Real Estate has secured a £20 million senior loan from Lloyds Bank to finance its purchase of a 47-acre regeneration site in the Midlands, Real Estate Capital has learned.