A Weekly Newsletter on Changing CRE Market Conditions, Properties, Loans and Firms
This Week’s Top Stories
Banks Edge Back Into Investment Property Lending
Banks boosted their overall lending for
commercial real estate in 2012 with total CRE loan balances outstanding at year-end up 3% year-over-year. Investment property loans showed the biggest gain, ending 2012 up 11%. And multifamily loans were up 7% year-over-year. Still, a great deal of disparity exists between which banks are lending again and which borrowers and markets are benefitting See which major banks are being aggressive and which are retreating and where.
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Tell Your Friends
Store Closure Strategies Still Overshadowing Expansion Campaigns
With sales still soft, some retailers find bigger pay-offs by closing poorly performing stores. That isn't to say that all retailers are in the same boat. In fact, several major retailers such as Kohl’s, Victoria’s Secret Pink and Wal-Mart are actively expanding their store base.
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Fannie and Freddie: Too Big To Shrink?
Despite calls for contracting the GSEs’ roles in multifamily lending, private capital hasn’t stepped up to meet its broad liquidity needs. Still the feds look to cut their lending by 10% this year by adopting stricter underwriting standards.
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Masonite IPO Signals Improving Construction Outlook
Another sign that a real estate recovery is getting underway is the money flowing back into building supply firms. PE firms have backed 161 building supply firms as industry is poised to go back to work.
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Delinquent Office Loans Backed by Federal Government Tenants
We couldn’t let the onset of sequestration go by without taking some note of it.
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Facility Closures & Downsizings: As “In-Theater” War Actions Contract, So Does Exelis
Also this week, downsizings from Logitech, Reading Truck, Ralphs Grocery, Sidecca and a boat load more property leads mainly in California.
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Related, Hudson Partnerships to Invest $500M In Pension Funds For Sandy Reconstruction
Funds will provide for up to $1.5b in capital for destroyed or damaged housing, retail
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On the Market
GA Keen Realty Advisors
is marketing a 48,250-square-foot
office building in Cedar Falls, IA, The property and facilities are being sold as part of a Federal Receiver’s sale, with GA Keen Realty Advisors working with the court appointed receiver, Chicago-based attorney Michael M. Eidelman, in marketing the building and property. The bid deadline is May 24, 2013.
Appletree Capital Ltd.
, a Chicago area based private investment firm, is sponsoring Supermarkets Plus LLC as the entity that will be formed to acquire mid-sized to smaller Midwestern grocery chains. It is targeting an equity raise of $50 million. It plans on operating the stores as a regional chain.
Money To Burn
Dune Real Estate Partners
is raising capital for its third fund. It has raised $175 million on its way to $850 million. Dune is a New York City-based real estate investment firm executing an opportunistic strategy with a focus on distressed, deep value-add and contrarian investing, primarily in the United States.
Keep up weekly on national news, trends and property leads with the Watch List Newsletter, a weekly pdf that includes other news and leads not found on the CoStar Group web news pages.
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