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Bisnow News Feed Bisnow Home News
- Steve Witkoff To Divest From CRE Firm As His White House Influence Growsby ciara.long@bisnow.com on March 14, 2025 at 2:03 pm
Steve Witkoff, who founded New York City-based luxury real estate development firm The Witkoff Group, said he is divesting from the company to avoid conflicts of interest.
- Construction Cost Growth 'Far Too Hot' As Tariffs Begin To Biteby matthew.wasielewski@bisnow.com on March 14, 2025 at 2:03 pm
U.S. construction costs notched higher in February, and a leading industry group is warning that the price hikes are likely to continue. “Nonresidential input prices increased at a rapid pace in February and have risen at a far-too-hot 9.0% annualized...
- 'How Can We Help?' Industrious Offers Flex Space, But The Real Focus Is On Peopleby john.krukowski@bisnow.com on March 14, 2025 at 2:03 pm
Shauna Dillavou is in the business of helping others stay safe online, which is why she sought out a coworking provider known for looking after its members’ interests. Dillavou is the CEO and founder of Brightlines, an anti-doxxing service that helps...
- Lewis Shaw, Leader Of National Industrial CRE Firm Jackson-Shaw, Dies At 82by taylor.driscoll@bisnow.com on March 14, 2025 at 2:03 pm
Lewis Shaw II, who founded Dallas-based Jackson-Shaw and grew it into a major national player that has completed 63M SF of development, has died. Shaw was 82 at the time of his passing on March 5 following a brief illness, D Magazine reported. Shaw...
- Competition Slows For Apartments In Dallas-Fort Worth As Region Reaches Peak Supplyby billy.wadsack@bisnow.com on March 14, 2025 at 2:03 pm
The Dallas-Fort Worth area's multifamily market shows signs of cooling as competition from renters slows and the Metroplex prepares for the delivery of almost as many new units this year as it saw in 2024.
- This Week’s D.C. Deal Sheet: Dave Ritchey Leaving JBG Smithby emily.wishingrad@bisnow.com on March 14, 2025 at 2:03 pm
JBG Smith Chief Commercial Officer Dave Ritchey is leaving the company after nearly a decade as one of the REIT's top executives.
- Wayfair To Open Second-Ever Physical Store In Former Atlanta Walmartby jarred@bisnow.com on March 14, 2025 at 2:03 pm
Online furniture and decor giant Wayfair is opening its second brick-and-mortar location on Atlanta's Westside. Wayfair leased 150K SF at The District at Howell Mill, a shopping center at 1801 Howell Mill Road, the retailer announced Friday, taking...
- CRE Groups Race To Fight Tax Plan That Would Be Like 'Dropping A Bomb On The Business Model'by matthew.wasielewski@bisnow.com on March 14, 2025 at 2:03 pm
A major real estate tax break has emerged as a key bargaining chip among Republicans assembling a budget that will cut taxes and slash spending, and CRE industry advocates are flocking to Capitol Hill to try to protect the deduction. In a letter to congressional...
- Water Rights Become Battle Lines As North Texas Cities And Developers Duke It Outby billy.wadsack@bisnow.com on March 14, 2025 at 2:03 pm
After the Texas Legislature stripped away municipal control of extraterritorial jurisdictions during its last session, landowners and developers are champing at the bit to build outside the reach of local governments. That's made water the latest...
- 'It Is Very Dark': Low-Income Housing Shortage Of 7 Million Units Expected To Worsen With Federal Cutsby taylor.driscoll@bisnow.com on March 14, 2025 at 2:03 pm
As federal budget cuts loom, a prominent affordable housing group is warning that the already severe shortage of units for low-income renters could worsen. Of the almost 11 million U.S. renters that are considered extremely low-income across the U.S.,...
- First Phase Of 3,300-Unit Boston Public Housing Redevelopment Lands Construction Loanby taylor.driscoll@bisnow.com on March 14, 2025 at 2:03 pm
The Boston Housing Authority and its development partner have secured financing to kick off the redevelopment of one of the largest public housing complexes in the region.
- 'The White Lotus' Effect: Thai Hotelier In Hit Show Plans U.S. Expansionby chloe.gallivan@bisnow.com on March 14, 2025 at 2:03 pm
The owner of the Anantara hotel and resort brand, whose hotels were featured in season three of the award-winning HBO show The White Lotus, is looking to ride the hype train across the Pacific Ocean.
- Miracle Mile Re-Enters Third-Party Management Businessby Paul Bubny on March 14, 2025 at 9:48 pm
Los Angeles-based Miracle Mile Co., a leading real estate investment and management firm, is re-entering third-party property management and asset management services, targeting Southern California, the New York Tri-State area and Mountain West markets. Following a hiatus from third-party management in 2016 to concentrate on asset managing its own properties, the firm will now bring ... The post Miracle Mile Re-Enters Third-Party Management Business appeared first on Connect CRE.
- ...by Paul Bubny on March 14, 2025 at 9:38 pm
Muss Development LLC has completed two nonprofit organization leases totaling nearly 37,000 square feet at its 60 Bay St. property in Staten Island’s St. George neighborhood. In one, the Legal Aid Society signed a long-term renewal and expansion, occupying 29,467 square feet total across three floors. Bill Bergman, of Muss Development, represented ownership in the transaction. Christopher Mansfield, Craig Reicher, Greg ... The post ... appeared first on Connect CRE.
- The Prime Company Secures $111M for Midwest Student Housing Portfolioby Jasmine Kilman on March 14, 2025 at 9:26 pm
The Prime Company (TPC) has secured $111 million in fixed-rate financing from affiliates of Apollo for a portfolio of five student housing properties across four states. TPC developed each of the five properties over the past 10 years. The five student housing assets total 998 units with 1,778 beds. Prime Place Stillwater 213 and 312, ... The post The Prime Company Secures $111M for Midwest Student Housing Portfolio appeared first on Connect CRE.
- Santa Ana Site Will Be Focal Point of NAIOP SoCal OC Real Estate Challengeby Paul Bubny on March 14, 2025 at 9:17 pm
The 4th Annual NAIOP SoCal Orange County Real Estate Challenge between graduate student teams from the Chapman University Argyros College of Business & Economics and the University of California, Irvine, Paul Merage School of Business Center for Real Estate will take place on Thursday, April 17. Teams will compete for the Orange Cup. Each university’s ... The post Santa Ana Site Will Be Focal Point of NAIOP SoCal OC Real Estate Challenge appeared first on Connect CRE.
- CBRE Arranges Sale of Historic Wisconsin Multifamily Propertyby Jasmine Kilman on March 14, 2025 at 9:10 pm
CBRE has arranged the sale of Cast Iron Luxury Living, a 129-unit multifamily property in West Bend, Wisconsin. A partnership of local buyers purchased the property from Hendricks Commercial Properties for $21 million. CBRE’s Matson Holbrook, Patrick Gallagher, Gretchen Richards, Sean Beuche and Peter Langhoff represented the seller in the transaction. Cast Iron Luxury Living ... The post CBRE Arranges Sale of Historic Wisconsin Multifamily Property appeared first on Connect CRE.
- Adjacent Retail Properties in Maplewood Go for $4.3Mby Paul Bubny on March 14, 2025 at 9:07 pm
Marcus & Millichap closed the sale of two adjacent retail properties in Maplewood, NJ for $4,262,500. Located at 1812 and 1802 Springfield Ave., the 12,415-square-foot freestanding properties are leased to Dollar General and Sherwin-Williams. “Credit-tenant net leases in northern New Jersey always generate tremendous demand from the investment community,” said Alan Cafiero, senior managing director investments. ... The post Adjacent Retail Properties in Maplewood Go for $4.3M appeared first on Connect CRE.
- Warner Bros. Discovery to Downsize Office Space in Move to Bellevueby Jasmine Kilman on March 14, 2025 at 9:01 pm
Warner Bros. Discovery has leased 48,000 square feet in the Civica Office Commons at 225 108th Ave. NE in Bellevue, Washington. The move comes as the company’s 112,000-square-foot lease in Seattle’s Hill7 is set to expire in May. The Bellevue lease is for less than half of the Hill7 space, reported the Puget Sound Business ... The post Warner Bros. Discovery to Downsize Office Space in Move to Bellevue appeared first on Connect CRE.
- Wingate Breaks Ground on Newest Luxury Senior Living Projectby Paul Bubny on March 14, 2025 at 8:54 pm
Wingate Living and WL Development, owner, operator, manager and developer of luxury senior living communities, recently broke ground on One Wingate Way East in Needham, MA. As of the groundbreaking, 75% of the residential units have been leased to residents. Designed for independent seniors, the community is expected to welcome residents in the Spring of 2026. “We are so excited to break ... The post Wingate Breaks Ground on Newest Luxury Senior Living Project appeared first on Connect CRE.
- Inland, Devon Complete New Self-Storage Property in Massachusettsby Jasmine Kilman on March 14, 2025 at 8:44 pm
Inland Real Estate Investment Corporation and Devon Self Storage have completed the construction of a 59,837-square-foot Class-A self-storage facility located in Springfield, Massachusetts. Located at 2155 East Columbus Avenue near a major downtown thoroughfare and the I-91 overpass along the Connecticut River, the property previously served as a historic factory building. The redeveloped facility is ... The post Inland, Devon Complete New Self-Storage Property in Massachusetts appeared first on Connect CRE.
- Related California Launches Leasing at Luxury Rentals in Clara Districtby Paul Bubny on March 14, 2025 at 8:44 pm
Related California recently commenced leasing at The Clara, a 22-story luxury residential development in Santa Clara’s The Clara District. Designed by architecture firm Bohlin Cywinski Jackson with interiors by AvroKO and landscape design by Surfacedesign, Inc., The Clara offers 700 rental units in layouts ranging from studios to three-bedroom units, with penthouse and townhome options ... The post Related California Launches Leasing at Luxury Rentals in Clara District appeared first on Connect CRE.
- Potential Federal Building Sale Adds Uncertainty to Office Sectorby Dees Stribling on March 14, 2025 at 12:56 pm
What happens next is unclear, but there might be a wave of space coming on the market, and not just in D.C. The post Potential Federal Building Sale Adds Uncertainty to Office Sector appeared first on Commercial Property Executive.
- VanTrust JV Kicks Off Denver Industrial Projectby Vicentiu Fusea on March 14, 2025 at 12:50 pm
The firm's first Colorado development is scheduled to come online next year. The post VanTrust JV Kicks Off Denver Industrial Project appeared first on Commercial Property Executive.
- Hines, Ivanhoé Sign Houston Office Tenantby Vicentiu Fusea on March 14, 2025 at 11:58 am
The company will occupy the space starting in 2026. The post Hines, Ivanhoé Sign Houston Office Tenant appeared first on Commercial Property Executive.
- Tamares Lands $505M Loan Extension on Manhattan Towerby Gail Kalinoski on March 14, 2025 at 11:06 am
The deal closed as the building is about to lose two major tenants. The post Tamares Lands $505M Loan Extension on Manhattan Tower appeared first on Commercial Property Executive.
- Meniscus Group Picks Up Atlanta Facilityby Simona Tudose on March 13, 2025 at 6:55 pm
The sole tenant owned the asset until 2021 and has its headquarters in an adjacent building. The post Meniscus Group Picks Up Atlanta Facility appeared first on Commercial Property Executive.
- Altman Properties JV Lands Financing for Tampa Developmentby Simona Tudose on March 13, 2025 at 6:11 pm
Seacoast Bank provided construction funds. The post Altman Properties JV Lands Financing for Tampa Development appeared first on Commercial Property Executive.
- PNK Group Wraps Up 1.2 MSF Building Near Atlantaby Gail Kalinoski on March 13, 2025 at 1:01 pm
The facility is part of a future 3 million-square-foot industrial park. The post PNK Group Wraps Up 1.2 MSF Building Near Atlanta appeared first on Commercial Property Executive.
- Avison Young Launches Investment Sales Platformby Scott Baltic on March 13, 2025 at 12:45 pm
The newly formed team will operate within the firm’s capital markets business. The post Avison Young Launches Investment Sales Platform appeared first on Commercial Property Executive.
- Skanska Delivers $85M Metro DC Life Science Buildingby Richard Berger on March 13, 2025 at 11:35 am
The facility expands Mason University’s SciTech campus along Virginia’s tech corridor. The post Skanska Delivers $85M Metro DC Life Science Building appeared first on Commercial Property Executive.
- Indianapolis Industrial Sector Fell Short in 2024by Vicentiu Fusea on March 13, 2025 at 10:17 am
The market's metrics lagged national trends, according to CommercialEdge data. The post Indianapolis Industrial Sector Fell Short in 2024 appeared first on Commercial Property Executive.
- CPE Asks: What’s Driving Demand for Small-Format Neighborhood Stores?by Adina Rogoz on March 13, 2025 at 8:15 am
Alex Nyhan, CEO of First Washington Realty, believes investors will continue to search for spaces with small footprints. Here's why. The post CPE Asks: What’s Driving Demand for Small-Format Neighborhood Stores? appeared first on Commercial Property Executive.
- AST Opens New Jersey Outpatient Buildingby Vicentiu Fusea on March 12, 2025 at 1:02 pm
The 15-story facility is fully leased. The post AST Opens New Jersey Outpatient Building appeared first on Commercial Property Executive.
CRE Insider First American's Commercial Title Insurance Blog
- The Inside Look with Xander Snyder - Episode 17by tquilter@firstam.com (First American NCS) on March 7, 2025 at 4:00 pm
In this episode of 'The Inside Look,' Senior Commercial Real Estate Economist Xander Snyder examines the demand side of data centers and how competing language models, such as DeepSeek, may influence future demand. Watch below and subscribe to the CRE Insider blog for additional First American Title NCS insights.
- The Inside Look with Xander Snyder - Episode 16by tquilter@firstam.com (First American NCS) on February 12, 2025 at 4:45 pm
In this episode of ‘The Inside Look,’ Senior Commercial Real Estate Economist Xander Snyder analyzes the resulting shock to the housing supply from the devastating wildfires in Southern California. Watch below and subscribe to the CRE Insider blog for additional First American Title NCS insights.
- The Inside Look with Xander Snyder - Episode 15by tquilter@firstam.com (First American NCS) on December 10, 2024 at 5:25 pm
In this episode of ‘The Inside Look,’ Senior Commercial Real Estate Economist Xander Snyder discusses what to expect in 2025. Watch below and subscribe to the CRE Insider blog for additional First American Title NCS insights.
- The Inside Look with Xander Snyder - Episode 14by tquilter@firstam.com (First American NCS) on October 23, 2024 at 4:28 pm
In this episode of ‘The Inside Look,’ Senior Commercial Real Estate Economist Xander Snyder discusses some of the glimmers of light emerging in the CRE industry, specifically retail property performance. Watch below and subscribe to the CRE Insider blog for additional First American Title NCS insights.
- The Inside Look with Xander Snyder - Episode 13by tquilter@firstam.com (First American NCS) on September 17, 2024 at 2:30 pm
In this episode of ‘The Inside Look,’ Senior Commercial Real Estate Economist Xander Snyder explains how lenders are beginning to re-enter the market and why that might be the case. Watch below and subscribe to the CRE Insider blog for additional insights from First American Title NCS.
- The Inside Look with Xander Snyder - Episode 12by tquilter@firstam.com (First American NCS) on August 19, 2024 at 9:23 pm
In this episode of ‘The Inside Look,’ Senior Commercial Real Estate Economist Xander Snyder discusses the shift in Multifamily supply. Watch below and subscribe to the CRE Insider blog for additional insights from First American Title NCS.
- Title 101: Overview of Title Insuranceby tquilter@firstam.com (First American NCS) on August 12, 2024 at 5:53 pm
Navigating the world of real estate can be complex, and understanding title insurance is essential for protecting your investment. It follows unique principles and offers key benefits that secure your property ownership and shield against hidden risks. Knowing how title insurance works helps you make informed decisions that protect your assets.
- Commercial Real Estate’s July Outlook: Rising Bank Risks, an Office Market Check-In, and Staying Up-to-Date on Decarbonizationby tquilter@firstam.com (First American NCS) on July 23, 2024 at 2:30 pm
Welcome to the CRE News Digest from First American Title NCS, where we explore the biggest stories in commercial real estate. As a legacy brand that has worked in CRE for over 120 years, First American knows the market and the forces impacting our clients’ businesses.
- The Inside Look with Xander Snyder - Episode 11by tquilter@firstam.com (First American NCS) on June 27, 2024 at 4:43 pm
In this episode of ‘The Inside Look,’ Senior Commercial Real Estate Economist Xander Snyder discusses what the CRE market should expect as $1 trillion in outstanding loans come to maturity in the next two years. Watch below and subscribe to the CRE Insider blog for additional insights from First American Title NCS.
- Commercial Real Estate’s June Outlook: A Long-Awaited Boost in Sentiment, Retail’s Renaissance, and TikTok’s Time in the Sunby tquilter@firstam.com (First American NCS) on June 18, 2024 at 3:47 pm
Welcome to the CRE News Digest from First American Title NCS, where we explore the biggest stories in commercial real estate. As a legacy brand that has worked in CRE for over 120 years, First American knows the market and the forces impacting our clients’ businesses.
CMBS Financing Blog CMBS Financing Blog
Learn everything you need to know about CMBS loans, including terms, property types, prepayment penalties, lenders, and more.
- CMBS Pricing: What You Need to Knowby Alex Kerrigan on July 13, 2022 at 11:31 pm
CMBS loans are priced by taking the appropriate swap or Treasury rate and adding a credit spread, which compensates the lender for their work during the loan application and underwriting process.
- Pooling and Servicing Agreements for CMBS Loansby Alex Kerrigan on July 13, 2022 at 10:45 pm
Pooling and Servicing Agreements (PSAs) are highly detailed legal documents that define all aspects of a CMBS loan, including the rights and responsibilities of the borrower, the lender, the master servicer, the special servicer, and the CMBS investors.
- Can You Get a Rate Lock on a CMBS Loan? by Alex Kerrigan on July 12, 2022 at 2:12 pm
Due to market fluctuations, CMBS lenders often re-price their loans before closing. However, some lenders do offer 30-day rate locks to help protect borrowers from rate increases.
- CMBS vs. CRE CLOs: What’s The Difference? by Alex Kerrigan on July 10, 2022 at 5:32 pm
CMBS are securities backed by longer-term fixed-rate loans, while CRE CLOs are securities backed by shorter-term, transitional financing. Here’s what else you need to know.
- What is CMBS Syndication?by Alex Kerrigan on June 25, 2022 at 3:36 pm
CMBS syndication occurs when multiple lenders pool their funds together to issue a large CMBS loan. This reduces the risk of having the entire loan on any one lender’s balance sheet.
- Agency CMBS vs. Non-Agency CMBSby Alex Kerrigan on April 6, 2022 at 2:59 pm
There are two types of commercial mortgage-backed securities (CMBS), agency CMBS, which consist of loans pooled by government-sponsored entities (GSEs) including Ginnie Mae, Fannie Mae, Freddie Mac, and non-agency (private) CMBS, which consist of loans pooled and securitized by private lenders, such as JP Morgan or Goldman Sachs.
- What is a Master Servicer?by Alex Kerrigan on March 28, 2022 at 8:55 pm
CMBS loans are not serviced by the lender who issued the loan and are instead serviced by third-party entities referred to as master servicers. In many situations, the master servicer will assign the day-to-day servicing duties to another entity, known as a primary servicer.
- What is a Conduit Loan?by Alex Kerrigan on March 28, 2022 at 5:09 pm
Conduit loans, which are more commonly referred to as CMBS loans, are commercial real estate loans that are pooled together and sold to investors on the secondary market.
- Using CMBS Loans to Fund Hotel PIPsby Alex Kerrigan on March 28, 2022 at 1:43 pm
Hotel property improvement plans (PIPs) are a series of specific renovation guidelines for franchise hotels. Sometimes, but not always, they can be funded using the proceeds of CMBS loans.
- What is a REMIC?by Alex Kerrigan on March 28, 2022 at 1:17 pm
A Real Estate Mortgage Investment Conduit, or REMIC, is a legal entity, typically a special purpose vehicle (SPV) or a special purpose entity (SPE) used to pool loans and issue mortgage-backed securities (MBS), or commercial mortgage-backed securities (CMBS).
- Using Defeasance to Prepay CMBS Loansby Alex Kerrigan on March 25, 2022 at 11:02 pm
Defeasance is generally the most common type of CMBS prepayment penalty. Unlike percentage-based prepayment penalties, a borrower needs to replace their CMBS loan’s collateral with new securities, typically U.S. Treasury bonds in order to replace CMBS investors’ income.
- CMBS Origination: What You Need to Knowby Alex Kerrigan on March 25, 2022 at 10:54 pm
CMBS loan origination occurs when a lender processes a potential borrowers’ loan application and determines whether they will be approved for a loan. This generally involves credit checks, background checks, a financial analysis of the subject property, and the reviewing of third-party reports, like the property appraisal and a phase 1 environmental inspection (ESA).