Greystone, New York, provided $14.6 million in acquisition financing for a multifamily property in Georgia. Cushman & Wakefield, New York, arranged the sale.
Category: Top National News
Mortgage-Banking Income at Banks Increases
Inside Mortgage Finance, Nov. 1, 2023–John BancroftPublicly traded commercial banks reported a solid 9.9% increase in earnings from their mortgage-banking operations for the third quarter.Click here for more. (subscription)
What Are the Options for Real Estate Owners Facing Loan Defaults
Wealth Management Real Estate, Oct. 31, 2023–Harold BordwinOwners facing challenges today have several restructuring options, but it’s critical to get guidance.Click here for more.
How Biden’s Team Plans to Unlock More Office-to-Apartment Conversions
Axios, Oct. 31, 2023–Sami SparberThe Biden administration has a new plan to turn more empty office spaces into housing, officials announced Friday.Click here for more.
This Old-School Building Material Could Take Over City Skylines
Washington Post, Nov. 1, 2023–William BoothBuilding codes are being rewritten in Europe and the United States to accommodate big wooden structures. And trailblazing architects and engineers — and their early-adopter …
MBA, CHLA Back Proposed Changes for Manufactured Home Loans
HousingWire, October 31, 2023–Chris ClowThe Mortgage Bankers Association, the Community Home Lenders of America and the Manufactured Housing Institute support expanding financing options for manufactured homes as an affordable housing …
Strip Malls Are the New King of Retail Real Estate
The Wall Street Journal, Oct. 30, 2023-Kate KingA major shopping-center owner is spinning off all its strip malls into a new publicly traded company, indicating that this property type is …
The Money Has Stopped Flowing in Commercial Real Estate
The Wall Street Journal, Oct. 31, 2023-Peter GrantCommercial real-estate lending is shrinking to historically low levels, threatening a rise in defaults on expiring debt and a sharp decline in new …
Ravaged Florida Town Becomes a Magnet for Risk-Taking Homebuyers
Bloomberg News, Oct. 30, 2023-Michael Smith and Prashant GopalA year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town.Click here for more (subscription)
Climate Change Is Driving Insurance Rates Up, Forcing Developers to Add Weather-Proofing
CNBC, Oct. 31 ,2023-Rebecca PicciottoAlong East Boston’s waterfront sits The Eddy, a two-building property with over 250 luxury apartments. Its harbor-side location provides unobstructed views of the Boston skyline. It …