CRE

Closed for nearly 30 years, the massive Michigan Central Station in Detroit is widely known for its ornate architecture and haunting emptiness and decay, but so far has missed out on the surge in redevelopment happening in the city.

With fewer CMBS deals coming to market — partly as a result of risk-retention rules — an independent finance company like Ladder Capital can’t always wait to piggyback on Wall Street’s transactions.

So-called transitional lending has traditionally been kept on balance sheet; but it’s become attractive to bundle the loans for transactions called (take a deep breath) commercial real estate collateralized loan obligations. Can investors stomach the features these deals sported before the crisis?

Sales of commercial properties in Los Angeles County slipped in the first half of the year but still outpaced every other real estate market in the country, including Manhattan.

Last month's spike in defaults due to loans maturing drove the greatest month-over-month surge of U.S. commercial mortgage-backed securities delinquencies in six years, according to Fitch Ratings.

Houston homebuyers increasingly are putting the oil slump behind them, snapping up houses in record numbers and paying more for them than ever.

Realogy's Title Resource Group is acquiring the assets of EAM Land Services as part of a strategy to strengthen its presence in commercial title services.

United Wholesale Mortgage will vacate its offices in Troy, Mich. for a bigger headquarters building in Pontiac and relocate all 2,100 employees.

The Pine Tree Plaza in Sterling, Ill., will be auctioned online after a string of tenant departures put the property in foreclosure.

The proposed site in Danvers, Mass., of a Registry of Motor Vehicles office is scheduled to be sold in a foreclosure auction, casting doubt on when, or if, the registry will actually end up there.

Granite Point Mortgage Trust priced its initial public offering at $19.50 per share, which was below the $20 to $21 range the company expected.

Granite Point Mortgage Trust is selling 10 million shares of common stock in an initial public offering to be priced between $20 and $21 per share.

JPMorgan Chase & Co. has agreed to provide Harry Macklowe with an $850 million loan to construct a luxury-condo tower at New York's One Wall Street.

A real estate investment fund controlled by the Blackstone Group is tapping the commercial mortgage bond market to refinance a portfolio of life science, laboratory and medical properties.

Aggressive restructuring moves and stock buybacks are giving CIT time to remold itself, but it will need to show core-banking growth to stave off calls for the company to sell itself.

Two Harbors Investment Corp. is spinning out its commercial real estate lending business to a newly created real estate investment trust, Granite Point Mortgage Trust Inc.

EagleBank has been approved as the 13th Ginnie Mae multifamily mortgage-backed securities issuer

This is a good time for bank risk managers and bank regulatory examiners to evaluate the effects of a deepening retail crisis on the financial services sector.

Construction lending could make a comeback if bankers persuade Congress to reform capital and other complicated rules on so-called high volatility CRE loans. But will regulators go for it?

The former Bear Stearns headquarters building at 245 Park Avenue, a long-time home to cornerstone financial services tenants as well as Major League Baseball, is the sole property backing a new single-borrower $500 million commercial mortgage securitization.