Multifamily Strength Enticing Banks Back into CRE Lending

The thaw in bank lending for commercial real estate appears to have quickened a bit in the second quarter based on comments from bank executives in their earnings conference call. It is not a unanimous movement back into CRE lending as several of the larger banks are still working thr
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Gaia, Starwood Acquire and Recapitalize 9,500-Unit Multifamily Portfolio

Gaia Real Estate and an affiliate of Starwood Capital Group agreed to invest $ 22.5 million of new equity to acquire and recapitalize PJ Finance Co., which filed for Chapter 11 bankruptcy protection in March 2011 and reemerged as a going concern on May 11, 2012. PJ Finance’s ass
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Multifamily: Too Much of a Good Thing?

Multifamily investment sales continue to outpace other commercial property types in terms of growth of volume year over year. Multifamily sales in the first quarter were up 33% compared to a year earlier and were up 52% in 2011 compared to 2010. In preliminary full first quarter numbe
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CBRE Capital Markets Arranges $36.6M Refi for Miami Multifamily

Fairway View Associates LTD and Palmetto Place Associates LTD secured a $ 36.6 million refinance loan for its Fairway View and Palmetto Place multifamily communities in Miami, Florida. The loan, from Principal Real Estate Investors LLC, boasts a favorable interest rate with 50% loan-t
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NYC Remains a Top Investment Target for Multifamily Buyers

National Real Estate Investor
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BlackRock Sells Fort Lauderdale Multifamily for $58.25M

New York-based BlackRock, Inc. sold 4 Forty Flagler Village in Fort Lauderdale, FL to AMLI Residential Properties, based in Chicago, IL, for $ $ 58.25 million, or approximately $ 267,200 per unit. The 218-unit, 250,000-square-foot apartment building at 440 NE 5th Street, was built in
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Three of Four Major Investor Groups in U.S. Increased Their Multifamily Holdings in 3Q

According to the Mortgage Bankers Association (MBA), the level of commercial and multifamily mortgage debt outstanding was essentially unchanged in the third quarter of 2011, as three of the four major investor groups increased their holdings. The $ 2.4 trillion in commercial/multifam
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Nontraditional Lenders Gain Multifamily Market Share

Life insurance companies are trying to get a bigger piece of the multifamily finance market. National Real Estate Investor
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