Signature Bank's former head of commercial real estate lending is moving to Douglas Eisenberg's A&E Real Estate to launch a lending platform.Joseph Fingerman will lead a team of about 20 people, including former Signature employees. The new platform, A&E Real Estate Finance, will provide financing for multifamily housing across New York City.A&E, one of the city's largest apartment complex owners, will join other major real estate developers such as Silverstein and Naftali in adding a lending division.Rising interest rates and a lack of alternatives to 421-a tax breaks have left few opportunities for real estate developers to build or acquire…
Author: Private Lending Agent
(New York) – Akin is pleased to announce that Real Estate Partner Avi Feinberg has joined the firm's New York office. Feinberg brings extensive real estate experience to the firm's global platform of asset managers, which includes credit, private equity, sovereign wealth funds, family offices and other institutional investors. Mr. Feinberg represents debt and equity investors in real estate financings, acquisitions, dispositions, joint ventures, preferred stock investments, ground leasing and restructurings. His clients include leading private equity, credit and other asset management firms, real estate sponsors, developers and REITs. “Avi has diverse experience in sophisticated real estate transactions, including the…
Understanding geographic disparities Further complicating matters is the fluctuating demand for certain types of property and in particular geographic locations. The gap between primary and secondary markets is widening, making the future of secondary market property, particularly in Europe, uncertain. “This represents a major shift – a flight to quality,” comments Antrovich. “Where landlords have quality buildings in good locations, occupancy rates are very high, but secondary stock has taken a hit, especially in the office sector.” Antrovich currently sees the UK, Ireland, Germany and Scandinavia as Macquarie Capital's key markets in Europe. “We're being pretty selective about where we…
Before the rise of real estate technology, it was hard to know a home’s value until a state-licensed appraiser visited the property and made an estimate, weighing pros like a chic patio against cons like a mildewy basement. Today, artificial intelligence and neural networking can do the work of appraisers. Zillow’s free Zestimate tool is one popular option on the market. “It’s always been this attempt at a starting point in home valuation for everyone who’s bought and sold and owns a home,” said Nicholas Stephens, director of product management at Zillow. What Is Real Estate Technology? Real estate…
Each month we feature a suburb of Portland, Oregon and share our analysis of its real estate market. To learn more about the other suburbs we've featured, check out our Portland Suburban Real Estate Market Report. And to gain insight into the Portland metropolitan area's overall housing market, check out our latest monthly report and Portland Real Estate Forecast for 2024. This month, we focus on Wilsonville, a suburb located 17 miles south of Downtown Portland along the Willamette River. Wilsonville is mostly in Clackamas County, overlapping with Washington County to the north. This northern suburb serves…
Nestled in the rugged landscape of central Idaho lies the Hemingway Boulders Wilderness, a pristine wilderness area named after iconic author Ernest Hemingway. At over 110,000 acres, this remote wilderness offers a sanctuary for wildlife, a haven for outdoor enthusiasts, and a glimpse into the region's rich history. In this blog, we take you on a journey to discover the wonders of the Hemingway Boulders Wilderness, delving into its origins, geological history, scenic beauty, and more. Origin, location and geography The Hemingway Boulders Wilderness is located in central Idaho, approximately 20 miles northeast of the town of Ketchum. Located within…
Last December, one federal agency began to grow increasingly concerned about commercial real estate loans. The Federal Deposit Insurance Corporation (FDIC), an independent agency created by Congress to maintain the stability of the nation's financial system and public confidence, didn't seem too confident about the concentration of commercial loans in the hands of a few lenders. The agency issued letters to financial institutions warning banks and other lenders with high concentrations of commercial real estate loans, and the guidance lays out standards for banks to face increased regulatory oversight. “Commercial brokers should be aware of the risk management analyses recommended…
The beginning of April brings with it the beauty of true early spring, while the end of the month gives off a May vibe. This chameleon-like month is also the first month we begin to understand real estate market trends for the year. Fulford Valley 42+ Acres In Salt Spring and the Gulf Islands, buyers will drop in any time, but it is generally believed that most tourism (and associated real estate activity) is concentrated between the March holidays and Canadian Thanksgiving (October). Inventory is low, with most properties under 1M being strata properties (townhouses). Single family homes are mostly…
Call it the stars aligning or a perfect storm, but a confluence of factors in the commercial real estate investment and private equity markets has many seeing a silver lining for the secondary real estate market. These factors include macroeconomic trends such as runaway inflation and rising interest rates, declining valuations of real estate assets causing denominator effects in mature portfolios, wide bid-ask spreads that prevent buyers and sellers from matching deals, etc. Differential performance across sectors and regions also contributes, calling for more rigorous due diligence to identify future value of real estate amidst changing ESG requirements and occupier…
Real estate secondary transaction volume in 2023 declined following a record high the previous year, but this will likely be recorded in history as a temporary phenomenon in its evolution.Against the backdrop of a prolonged period of high interest rates and a broad correction in real estate prices, both investors and managers are increasingly in need of generating liquidity. Market participants generally say there are signs of accelerated growth in the secondary market for private real estate fund shares over the next few years. New York-based private-market investment and advisory firm StepStone Group is particularly optimistic, betting that a bull…