If 2016 was the year the table was turned over, 2017 is the year when the pieces need to be picked up.
If you assumed that this year must have been a challenging one for development finance amid so much market and political volatility, in some ways you’d be right.
We have heard a lot of theories about what may or may not have happened in the UK lending market in the first half of this year, but now, thanks to the work of the De Montfort University report authors, we have the raw data to examine.
Real estate development is not a ‘one-size-fits-all’ business. From choosing a plot of land, to selecting building materials, to financing assets, the options grow the bigger you build.
The local advantage
It was a relatively small deal but it may have signalled something big. This summer, Pembrook Capital Management stepped in with a $16.6 million loan to support the acquisition of the Mark Twain Hotel in Chicago by NHP Foundation, a New York-based not-for-profit real estate corporation.
Much of this issue is devoted to the third annual edition of our “Top 40 European Lenders” special. This represents our attempt to put in the spotlight those organisations which have remained active players in spite of the testing conditions and which have carved out market niches for themselves.
With news that One World Trade Center (1 WTC) in downtown Manhattan may be up for sale comes a financing opportunity of massive proportions.
Last Wednesday, 31 August, a JetBlue Airways flight left Fort Lauderdale, Florida and landed at an airport east of Havana, Cuba, marking the first US commercial passenger flight to the Caribbean island nation in over five decades.
CRE sustainability initiatives protect lenders against risk while helping to reduce the environmental impacts of commercial buildings.