Two innovative leaders in the local real estate industry have been inducted into the 36th annual North Texas Commercial Real Estate Hall of Fame in partnership with NTCAR. Bill Vanderstraten and Scott Roman were inducted during an event held May 1 at the Arts District Mansion in downtown Dallas. “North Texas is known as one of the premier real estate regions in the United States, and Bill Vanderstraten and Scott Roman have contributed greatly to that reputation. We are thrilled to induct these accomplished leaders into the NTCAR Hall of Fame,” Robert Gurna, co-founder and chairman emeritus of the 37-year-old…
Author: Private Lending Agent
NEW YORK — The National Basketball Association (NBA), the Women's Basketball Association (WNBA) and United Wholesale Mortgage (UWM) today announced a multi-year partnership in the U.S. that will see UWM's consumer brand, Mortgage Matchup, become the Official Mortgage Partner of the NBA and WNBA, marking the first mortgage partnership between both leagues. Mortgage Matchup, which provides consumers and real estate agents with educational materials on the home buying and refinancing process, along with a searchable database of local independent mortgage brokers, will collaborate with the league on marketing and promotional activities to expand the reach of its platform, raise awareness…
Washington Federal Bank, a wholly owned subsidiary of WaFd, said it has signed an agreement to sell a portion of its commercial multifamily real estate loan portfolio to Bank of America for approximately $2.9 billion. WaFd said in a Securities and Exchange Commission (SEC) filing on Friday (May 17) that the transaction includes 2,000 commercial multifamily real estate loans with a current outstanding principal balance totaling $3.2 billion. Reuters reported on Friday that the move comes at a time when the commercial real estate sector is struggling and that the deal will help the Washington Fed reduce its exposure to…
Experience the best of Italian design Andare Residences is a haven of sophistication and tranquility, where elegance and ease are infused into every aspect of daily life. From spacious floor plans to imported Italian finishes, from the breathtaking rooftop pool to the holistic wellness spa, each element of Andare Residences has been meticulously crafted to enhance the resident's experience. Visionary Destinations Nestled between the vibrancy of downtown Fort Lauderdale and the serene beauty of the Atlantic coast, Andare Residences is the perfect blend of urban convenience and coastal charm. Surrounded by miles of beautiful coastline and a bustling urban landscape…
Welcome to First American Title NCS's CRE News Digest, where we cover the biggest news in commercial real estate. As a long-established brand that has been in CRE for over 120 years, First American understands the market and the forces that impact our clients' businesses. The big picture: Lending profits and lossesLike the CRE industry overall, the current state of commercial lending has bright spots and concerns. The Federal Reserve's decision to raise interest rates to record highs has slowed transaction activity. Traditional bank lenders have begun building up reserves to hedge against bad loans. According to the IMF, the…
Commentary 4 min read One way to feel old is that it's been 14 years since Sellers Stamp Duty (SSD) was first introduced (and it's undoubtedly had a major impact on Singapore's property market). For the younger generation of home buyers, you might not even know there was a time when you could buy a house one day and sell it the next – hence the origin of the word “flipping”. Still, there are cases where circumstances or very bold considerations have led to units being bought or sold within a week. Below are some of the most extreme resale…
CHICAGO , May 16, 2024 /PRNewswire/ — Alliant Credit Union, one of the nation's largest credit unions, announced the launch of SBL Edge, a lending platform designed for small-dollar commercial real estate borrowers in the multifamily, manufactured housing and self-storage sectors. Built by seasoned veterans with decades of experience navigating the complexities of commercial real estate lending, SBL Edge offers a streamlined process and leverages unmatched industry levers. “SBL Edge was designed based on our team's deep understanding of the unique challenges and opportunities of the small commercial real estate market. We carefully crafted a program to address the needs…
FRANKFURT – Commercial real estate has become a weak spot in the euro zone's financial system and losses there could hit banks, insurers and funds, a European Central Bank report said on Thursday. ECB Claims Commercial Real Estate is Eurozone Financial Weakness {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Commercial real estate companies are suffering a triple whammy of rising borrowing costs, declining demand for office space after the pandemic and soaring prices for building materials. Explore Crickit, your go-to platform to watch matches anytime, anywhere, click here. The European Central Bank said in its twice-yearly financial stability review that problems at these…
NEW YORK, May 16, 2024–( BUSINESS WIRE )–Two Harbors Investment Corp. (NYSE: TWO), an MSR + agency RMBS real estate investment trust, announced today that President and CEO Bill Greenberg will speak at the 2024 KBW Virtual Real Estate Finance & Technology Conference on May 22, 2024. Mr. Greenberg will participate in a mortgage servicing panel scheduled to begin at 1:00 pm ET.The panel presentation will be webcast and made available to the public in the Investor Relations section of the Company's website at http://www.twoharborsinvestment.com under “News & Events.”Two Harbors Investment CorporationTwo Harbors Investment Corp., a Maryland corporation, is a…
The NAIOP CRE Sentiment Index, a key forecast of commercial real estate market conditions over the next 12 months, increased significantly from the last survey in fall 2023. The index rose to 52 from 46 in September, indicating that respondents expect some improvement in commercial real estate development conditions over the next 12 months. The NAIOP CRE Sentiment Index is designed to forecast the general condition of the commercial real estate industry over the next 12 months by surveying industry professionals about the future state of projects and the market. The survey includes questions about employment, the space market, construction…