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Italy’s real estate market had a boost investment the first two quarters of this year with over €3.4bn ($3.82bn) in transactions, nearly 35 percent higher than the same period last year, while more than half of those transactions were cross-border investment, shows a new report from Savills.
Bank of the Ozarks has provided a $233.3 million construction loan on the 35-story CNA Center office development in the West Loop neighborhood in Chicago, Illinois to the developer of the project The John Buck Company.
The asset manager is making its second investment into Logix Group, the Indian developer of IT parks and IT Special Economic Zones.
Wells Fargo has originated an $871 million CMBS transaction that marks the first such deal to have interest holdings that would fulfill the US risk retention rules coming into effect this December.
A new report from Real Capital Analytics shows that overall sale volume in the US commercial real estate market decreased year-over-year (YOY) the first half of 2016, while investors retreated from riskier asset types and regional markets.
ConnectOne Bank has provided a $22.3 million loan to Madison Realty Capital on the developer’s $37.6 million purchase of a commercial property in the Sunset Park neighborhood of Brooklyn, city property records show.
Investors' appetite of European real estate market is affected by the economic growth prospects and geopolitical risk.
Several months ago, analysts warned that the increasing supply in the US lodging industry since the financial crisis may peak sometime in 2016, due to the addition of units outpacing demand and economic headwinds, as Real Estate Capital reported. But new numbers from a new Trepp report show that the lodging industry already has peaked.
But the report also raises concerns that a “prepayment wave” may lessen mortgage REITs' dividend returns the third quarter, due to the historically low interest rates in the US and globally providing prepayment incentives to borrowers.
Quadrant Real Estate Advisors has completed $2.4 billion in loans (closed, committed or under application) year-to-date but will shift its focus away from construction loans as it pursues a previously established $3.5 billion target for 2016.
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