rowanwaac
German bank Aareal has seen an increase in average gross margins of new loans underwritten during the second quarter of 2017, mainly driven by its expansion into the US market.
Middle East investors vastly increased the amount of money they investment in US CRE during the last year-and-a-half compared to the previous two years, investing a larger percentage in New York than any other major city outside the Persian Gulf region for the first time in nearly a decade.
The surprise Brexit vote blindsided the US CRE finance industry and could potentially derail modest progress to the faltering US CMBS markets, according to Kroll Bond Ratings agency.
Morgan Stanley is providing a £320 million senior loan to Blackstone to refinance its Devonshire Square mixed-use estate in the City of London.
New lending to UK commercial property is on course for its highest annual volume since 2008, the latest edition of De Montfort’s bi-annual report on the sector has shown.
ING Real Estate Finance has completed a syndication of the loan it underwrote for Hong Kong-based investor Hui Wing Mau’s acquisition of London’s Christchurch Court, Real Estate Capital can reveal.
Eastdil Secured, the New York real estate investment banking arm of Wells Fargo Securities, has created a strategic alliance with Finae Advisors, a Paris-based real estate firm focused on debt advisory.
Describing Paris as “one of the top real estate markets in the world,” Roy March, CEO of Eastdil Secured, said he believed the alliance would “broaden our reach and capabilities within France and be of great benefit to the clients of both firms”.