Commercial mortgages

With rents rising and homeownership rates still low, here's a look at eight reasons why more renters may want to become homeowners.

From consolidation to tech innovation, here's a look at some of the top challenges and trends that mortgage executives from lenders, servicers and vendors are focused on for 2018.

The 2-million-square-foot office complex in Tempe, Ariz., was acquired by JDM Partners and Transwestern Investment Group in a sale-and-leaseback agreement.

A $300 million, interest-only first mortgage that the REIT obtained from Wells Fargo this month is being used as collateral for a transaction called WFCM 2017-SMP.

Freddie Mac is broadening its capital markets vehicles with its first offering of participation certificate securities backed by multifamily tax exempt loans.

A lower Manhattan office building that serves as the headquarters of the New York Department of Financial Services is the largest loan in a $891 million CMBS from UBS.

The deal, BXMT 2017-FL1 weighs in at $1 billion, making it more than twice as large as most CRE-CLOs issued this year; its size isn't the only unusual feature, however.

The Trepp CMBS delinquency rate is now 5.18%, a decrease of three basis points from the October level; declines were limited to the industrial, multifamily and office subindexes.

This time it’s the JW Marriott Phoenix Desert Ridge Resort & Spa, a 950-room, full-service resort. A $365 million first mortgage on the property from Morgan Stanley is being securitized via MSC 2017-JWDR.

A New York banker who mastered the art of buying low and selling high, broke industry norms and learned from his mistakes in commercial real estate, John Kanas became a model regional bank builder. After stepping down as BankUnited's CEO last year, he wants to do "one more thing" before fully calling it quits.