Gantry, San Francisco, expanded its origination and production team with two new professionals working from its Phoenix, Ariz. and Newport Beach, Calif. offices.
Category: News and Trends
CMF Briefs From Vornado, LBC Credit Partners
Vornado Realty Trust, New York, said Vornado Realty L.P., the operating partnership through which Vornado Realty Trust conducts its business, has extended one of its two unsecured revolving credit facilities to April 2026.
Trepp: Fourth-Quarter Bank CRE Loan Data Show ‘Elevated Distress’
The U.S. economy is well into its recovery from the pandemic recession, but Trepp LLC, New York, noted bank commercial real estate loans indicated “elevated distress” in the fourth quarter.
‘Big Money’ Activity Crops Significantly During Pandemic
Major institutional real estate owners’ investment activity fell significantly due to the pandemic, but their portfolio allocations did not deviate significantly, reported Reonomy, New York.
MBA, Coalition Support Bill to Create More Housing Near Transit
The Mortgage Bankers Association and nearly 100 industry trade and community organizations sent a letter to the House this week urging support for legislation that would promote housing development and construction near transit hubs.
MBA, Industry Groups Urge Use of American Rescue Plan Funds for Renters
The Mortgage Bankers Association led more than two dozen other industry groups in an Apr. 15 letter to state and local policy associations, urging them to allocate available American Rescue Plan federal funds to assist renters, consumer-facing small businesses and impacted industries that are having trouble paying rents, mortgages or remaining viable enterprises due to the COVID-19 pandemic.
Dealmaker: Newmark Completes $137.2M in Life Science Property Sales
Newmark, New York, closed life science property sales totaling $137.2 million in Massachusetts and California.
Small Cap Industrial, Retail Leasing Takes Off
Boxwood Means LLC, Stamford, Conn., said leasing in the small-cap real estate domain showed strong momentum during the first quarter as the economy bounced back from the pandemic.
MBA Seeks COMBOG Committee Nominations by April 30
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) Nominating Committee seeks members’ recommendations for individuals to serve on the Board beginning this October in the Investor, Lender, Mortgage Banker and Servicer categories. This is an important process that determines the leadership for MBA’s commercial/multifamily membership.
MBA: 2020 Commercial, Multifamily Mortgage Bankers Originations Fall to $441.5B
Commercial and multifamily mortgage bankers closed $441.5 billion in loans in 2020, the Mortgage Bankers Association’s 2020 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation reported, nearly 26 percent lower than the record $601 billion reported in 2019.