The Lede
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Sexual-Harassment Suit Naming Real-Estate CEO Goes to Arbitration
Wall Street Journal, Oct. 5, 2018--Esther Fung (subscription)The lawsuit, which also alleged wrongful termination and pay discrimination, was filed last year against Bruce Schanzer, CEO and president of Cedar Realty Trust Inc., a real-estate investment trust based in Port Washington, N.Y., that owns 61 shopping centers.
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Bridge Loans Can Be an Attractive Financing Strategy for Value-Add Investments
National Real Estate Investor, Oct. 5, 2018--Shahin Yazdi Bridge loans may be the right financing strategy for value-add investors with a clear plan to increase property income.
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Lennar Is in Advanced Talks to Sell Its Real-Estate Lending Unit, Rialto Capital
Wall Street Journal, Oct. 9, 2018--Craig Karmin, Laura Kusisto, Dana Mattioli (subscription)Lennar Corp. is in advanced talks to sell its real-estate lending unit, looking to offload the business at a time when the nation's largest home builder and its peers are struggling alongside a stagnant housing market. The Miami-based company is in discussions with the private-equity firm Stone Point Capital LLC for the sale of Rialto Capital.
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Sears Hires Advisers to Prepare Bankruptcy Filing
Wall Street Journal, Oct. 9, 2018--Suzanne Kapner, Lillian Rizzo, Soma Biswas (subscription)Sears Holdings Corp. has hired M-III Partners LLC to prepare a bankruptcy filing that could come as soon as this week, as the cash-strapped company that once dominated American retailing faces a debt payment deadline.
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Real Estate Backed Loans Stage Comeback in CLO Surge
Wall Street Journal, Oct. 10, 2018--Matt Wirz (subscription)Wall Street is cooking up a new type of mortgage-backed security for bond investors: the commercial real estate collateralized loan obligation, or CRE CLO.
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News and Trends
MBA Chart of the Week: Commercial/Multifamily Mortgages Intermediated to Non-Traditional Lenders
The role of "non-traditional" lenders continues to grow within the commercial real estate finance market.
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Fannie Mae Names Hugh Frater Interim CEO; Tim Mayopoulos to Leave Oct. 15
Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.
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CRE Price Growth Picks Up in August
U.S. commercial real estate property price growth picked up in August, reported Real Capital Analytics, New York.
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Hotel Sector Faces Volatility
Healthy economic momentum and consumer confidence have boosted travel and hotel performance, but the sector could see more volatility in 2019, analysts say.
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Commercial/Multifamily Briefs
Mountain America Credit Union, West Jordan, Utah, introduced eClosings on commercial loans.
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MBA Chart of the Week: Commercial/Multifamily Mortgages Intermediated to Non-Traditional Lenders
The role of "non-traditional" lenders continues to grow within the commercial real estate finance market.
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Fannie Mae Names Hugh Frater Interim CEO; Tim Mayopoulos to Leave Oct. 15
Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.
Full Story
MBA Chart of the Week: Commercial/Multifamily Mortgages Intermediated to Non-Traditional Lenders
The role of "non-traditional" lenders continues to grow within the commercial real estate finance market.
Full Story
Fannie Mae Names Hugh Frater Interim CEO; Tim Mayopoulos to Leave Oct. 15
Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.
Full Story