October 04, 2013 By mortgage
October 03, 2013 By mortgage
October 02, 2013 By mortgage
October 01, 2013 By mortgage
September 30, 2013 By mortgage
The U.S. Department of Housing and Urban Development and the U.S. Census Bureau recently conducted a survey to gather more data on the country’s multifamily rental properties. Multifamily rentals numbered approximately 2.3 million in the U.S., but little was known on their value, or how they are financed.
The year appears to be opening with a strong outlook among lenders, suggesting that those seeking to finance net lease transactions will have ample options for making deals happen. CMBS lenders are reentering the market, according to observers, after a year or so of a cooler approach to unrated triple net lease properties. They’re now expanding their parameters to include more triple net properties.
One of Britain’s most media-savvy and stylish couples, David Beckham and his wife, Victoria Beckham have put their palatial estate, the ‘Beckingham Palace’ on the market for an undisclosed amount. This high secured estate, in all its grandeur was the destination for much of the couple’s get together for their elite group of friends. But being picky about whom they sell to, they have laid down the condition that the home should go to a family and not builders, who might be tempted to restructure the palace and build smaller flats in place.
Have you ever heard a tenant explain that they broke the rules of the lease because they didn’t know or realize what those rules were? Or because they thought they heard you say it was okay? Many an experienced landlord can tell stories about the misunderstandings that go on nearly every day with tenants. That’s why it’s so important to establish good communication from the start of your relationship with every tenant.
Huntington Bancshares Inc., based in Columbus, Ohio, has hired Renee Csuhran as director of commercial real estate for the bank. She will operate out of the Cleveland office. Before joining Huntington in 2012, Csuhran spent more than 20 years at KeyCorp. in Cleveland, Ohio in various senior-level roles, including executive vice president and director of institutional real estate.
MetLife has secured Cushman & Wakefield to market and lease Morris Corporate Center IV Phase II, an interconnected, two-building, 350,000-sq.-ft., class-A office complex in Parsippany, N.J. The Cushman & Wakefield team leading the assignment includes Ken Flynn, Jr., Bill Brown and Jason Tenenbaum of the firm’s Morristown office.
After store opening plans reached a five-year high in January, retailers have pulled back on expansion plans for the next two years, according to the March 2013: National Retailer Demand Monthlyreport put together by RBC Capital Markets. In a slight adjustment, in February, planned store openings fell 0.6 percent from year-end 2012, to 81,467. Most of the scrapped new stores included supermarkets and specialty retail.
Australia’s second-largest city Melbourne will have the tallest building in the southern hemisphere after approval Monday for a 388-metre apartment and hotel complex. The Victorian state government said Australia 108 would become the world’s 19th tallest building and would be “an outstanding addition to Melbourne’s skyline”.