Commercial lending

PNC Financial Services Group reported lower fourth-quarter profits on a decline in fees related to residential mortgages and deposit accounts.

Midtown Manhattan, once the pinnacle of U.S. office markets, is facing a jump in large, empty work spaces as new towers open and tenants spread out across the city, including outer boroughs that businesses once shunned.

Walker & Dunlop has agreed to acquire the other half of a commercial mortgage-backed securities joint venture it has with Fortress Investment Group.

Greystone in New York has hired Gregory Forester to lead a new group for hospitality-focused lending and investing.

Eagle Bancorp in Bethesda, Md., has hired four bankers to a develop a business line making Federal Housing Administration-insured loans for multifamily rental properties.

CrediFi, a New York-based provider of commercial property data, is launching CMBS Suite, which it said is an information resource for lenders looking to refinance securitized commercial mortgages.

But the strong demand for tax credits from those projects is also whittling down the investment returns as their riskiness declines, according to a new report by the New York-based accounting firm CohnReznick.

A recent tax change will provide more stability to banks and developers that use the low-income housing tax credit program, and the supply of below-market-rate apartments should increase as a result. But it's not enough to create the economic incentives needed to meet skyrocketing demand for affordable housing in the U.S.

The Federal Reserve's interest rate increase has commercial real estate debt and equity financing players even more upbeat about their prospects in 2016.

Owens Realty Mortgage has promoted its chief financial officer, Bryan Draper, to chief executive and president.

For commercial real estate investors, the good times may be over.

Changes to the tax code approved by Congress may set the stage for increased privatization of real estate investment trusts, according to a new report from Fitch Ratings.

The price of the loans underlying commercial mortgage-backed securities increased modestly from October to November, according to DebtX.

The Connecticut Housing Finance Authority issued more than $400 million of bonds in 2015 to finance mortgages at below-market interest rates for low- to moderate-income first-time homebuyers, according to authority officials.

Private real estate investors and community-based financial institutions have developed innovative ways to preserve affordable-housing units that were in danger of losing subsidies, according to a new report.

Commercial mortgages bundled into securities will keep seeing their underwriting standards deteriorate from this year into 2016, said JPMorgan analysts in a report Wednesday.

Morgan Stanley is readying a deal backed by 57 commercial mortgages.

There's been concern this year that commercial mortgage bonds are getting backed by loans that are increasingly risky.

A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.

The former chief executive of a Nebraska bank has been convicted by a federal jury for lying to investors and regulators about considerable losses tied to risky commercial real estate investments.