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NEW YORK CITY-A $120-million loan on the Dream Hotel Downtown is the largest of the mortgages in a securitization that reportedly will reach $1.5 billion when UBS and Barclays bring it to market.
With the five-year loans from 2007 coming due this year, and life firms and banks joining the mix, new CMBS originations won’t be too far off of the $35 billion 2011 figure.
IRVINE, CA-States that have relieved bureaucratic foreclosure processes are starting to see filings flow, says a RealtyTrac report released this morning. But overall, 206,900 assets filed last month, indicating a slowing rate of decline.
HOUSTON-David Luther with Marcus & Millichap's National Hospitality Group clarifies statistics for GlobeSt.com pointing out that, while the sector is recovering nicely, there are risks to look out for.
TAMPA, FL-Marcus & Millichap Real Estate Investment Services reported in a statement that Dale Mabry Palms Apartments in Tampa has changed hands for $2 million.