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Bisnow News Feed Bisnow Home News
- Water Rights Become Battle Lines As North Texas Cities And Developers Duke It Outby billy.wadsack@bisnow.com on March 14, 2025 at 9:22 am
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...
- 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 9:22 am
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...
- 'How Can We Help?' Industrious Offers Flex Space, But The Real Focus Is On Peopleby john.krukowski@bisnow.com on March 14, 2025 at 9:22 am
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...
- '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 9:22 am
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 9:22 am
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 9:22 am
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.
- How NYC's New Development Tax Credits Are Changing What Gets Built And Whereby ciara.long@bisnow.com on March 14, 2025 at 9:22 am
Developers have had almost a year to try and figure out how to use the newest development tax breaks from New York's blockbuster housing policy makeover. Now that they've crunched the numbers on the 485-x mixed-income development abatement and the...
- Tampa Bay Rays Scrap $1.3B Ballpark Plan Amid Hurricane Milton Falloutby matthew.wasielewski@bisnow.com on March 14, 2025 at 9:22 am
The Tampa Bay Rays backed out of plans to build a new stadium in St. Petersburg on Thursday.
- DOGE Kills Funding Program Vital To Affordable Housing Preservationby jarred@bisnow.com on March 14, 2025 at 9:22 am
The Trump administration is eliminating a $1B federal housing program aimed at preserving affordable housing as part of its cost-cutting efforts.
- Lender To Auction Off Houston Office Buildings With LA Luxury Real Estate Tiesby maddy.mccarty@bisnow.com on March 14, 2025 at 9:22 am
The owner of two office buildings near George Bush Intercontinental Airport is staring down foreclosure after defaulting on a nearly $13M loan, public filings indicate.
- Blackstone In Talks To Buy First London Office In 6 Yearsby mike.phillips@bisnow.com on March 14, 2025 at 9:22 am
Blackstone is in talks to buy a City of London office building for £330M in what would be its first London office purchase since 2019. Blackstone has made an offer to Nuveen of £330M for 70 St Mary Axe in the City, Bloomberg reported. That is more...
- Manhattan Rents Hit New High With No Relief For Tenants In Sightby ciara.long@bisnow.com on March 14, 2025 at 9:22 am
The median apartment rent in Manhattan reached a new monthly record in February, an ominous sign amid slowing housing construction and stubbornly high housing prices. The median Manhattan apartment rented for $4,500 last month, breaking the previous...
- $182M Toyota Stadium Revamp Gearing Upby Mike Boyd on March 14, 2025 at 4:19 pm
FC Dallas obtained permits to start demolition and redevelopment of the east side of Toyota Stadium in Frisco. The club hopes to have the eastside project completed by the 2026 World Cup. The stadium will undergo $182 million in upgrades, including canopies to add shade, more seating by reconstructing the venue’s underused north end, new and ... The post $182M Toyota Stadium Revamp Gearing Up appeared first on Connect CRE.
- $1.3B Rays Stadium Deal Falls Throughby Mike Boyd on March 14, 2025 at 3:13 pm
The Tampa Bay Rays’ plans to build a stadium and mixed-use entertainment district in downtown St. Petersburg are dead. Connect CRE ran this story in September 2023, depicting how Hines was chosen to develop the $1.3 billion ballpark. The Tampa Business Journal reports the team faced a deadline of March 31 to decide whether to ... The post $1.3B Rays Stadium Deal Falls Through appeared first on Connect CRE.
- 12-Story Hotel Slated for Music Rowby Mike Boyd on March 14, 2025 at 2:57 pm
Hotelier Rajesh Aggarwal is planning to build a hotel on 1407 Division St. adjacent to the Best Western Plus Music Row hotel. The project will include a 191,150-square-foot building with 222 hotel rooms. Aggarwal owns the 1.27-acre property, which includes the existing Best Western Plus. The proposed hotel will rise on a portion of the ... The post 12-Story Hotel Slated for Music Row appeared first on Connect CRE.
- Hilton Atlanta Auctioned Off for $191Mby Mike Boyd on March 14, 2025 at 2:34 pm
The Hilton Atlanta, an expansive convention hotel in Downtown, sold recently at a foreclosure auction. The Atlanta Business Chronicle reports Axonic Capital foreclosed on the Hilton, which was tied to a $218.8 million loan originated by Barclays Capital Real Estate Inc. Trinity Investments was the highest bidder, paying almost $191 million for the 1,249-room hotel. Axonic issued ... The post Hilton Atlanta Auctioned Off for $191M appeared first on Connect CRE.
- Capital Partners Procures Loan for Ft. Myers Airport Projectby Mike Boyd on March 14, 2025 at 2:08 pm
Capital Partners has obtained a $45 million construction loan to develop Oriole Logistics, a 442,000-square-foot industrial property in Fort Myers. CBRE’s Billy Mork, Joel Torborg and Mike Vannelli secured the loan on behalf of Capital Partners, the owner and developer of the project. Oriole Logistics marks the third industrial development for the developer in South Florida since 2023. Oriole ... The post Capital Partners Procures Loan for Ft. Myers Airport Project appeared first on Connect CRE.
- Onward Investors Acquires DC Office Buildingby Jasmine Kilman on March 13, 2025 at 11:08 pm
Minneapolis-based Onward Investors has taken ownership of 100 M Street SE in Washington, D.C., a 12-story, 240,500-square-foot corner office building in the Capitol Riverfront district. Houston-based Lionstone Investments sold the property, with Onward buying the building and ground lease for $53.9 million. A joint venture of Lionstone and Hermes Real Estate acquired the property in 2014 for ... The post Onward Investors Acquires DC Office Building appeared first on Connect CRE.
- Chicago/Midwest People & Company News, week of March 14, 2025by Jasmine Kilman on March 13, 2025 at 10:41 pm
Todd Stofflet has joined Lument’s growing real estate investment sales team as a managing director. Based in Chicago, Stofflet will focus on multifamily transactions in Illinois, Indiana, Michigan, and Wisconsin. CenterPoint Properties announced the retirement of its chief executive officer, Bob Chapman, effective July 1, 2025. Bob has been with CenterPoint for over 10 years, ... The post Chicago/Midwest People & Company News, week of March 14, 2025 appeared first on Connect CRE.
- Insights from Connect Midwest Industrial 2025 (VIDEO)by Jasmine Kilman on March 13, 2025 at 10:29 pm
Connect CRE recently gathered key players in industrial real estate at the Connect Midwest Industrial Conference in Chicago to discuss their insights on the market and emerging trends. We asked, “What does the demand for industrial (space or properties) look like compared to a year ago?” Michael Brennan, Co-Founder, Chairman, and Managing Principal of Brennan ... The post Insights from Connect Midwest Industrial 2025 (VIDEO) appeared first on Connect CRE.
- Peak Properties Lands South Side Management Assignmentby Jasmine Kilman on March 13, 2025 at 10:24 pm
Peak Properties has been awarded the management assignment at 7800-10 S. Colfax in Chicago’s South Side. “We are excited to bring our expertise to this property and contribute to the South Side community,” said Cory Eisenstein, VP of property management at Peak Properties. “Our goal is to provide residents with a comfortable and well-maintained living ... The post Peak Properties Lands South Side Management Assignment appeared first on Connect CRE.
- New York People and Company News, Week of March 14, 2025by Paul Bubny on March 13, 2025 at 10:17 pm
The post New York People and Company News, Week of March 14, 2025 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).