CRE

Multifamily family construction is reaching the point where some markets can't absorb the new supply of units.

Borrowing conditions in the apartment market have improved in the second quarter as property owners benefit from the low-rate environment after the Brexit vote, according to the National Multifamily Housing Council.

First American Corp. had a second-quarter profit of $102.1 million as the title insurer's pretax margin of 13.7% was its best ever.

Wintrust Financial in Rosemont, Ill., reported strong momentum from mortgage growth and acquisitions.

Property valuation firm LRES will now offer commercial evaluations as a result of its March acquisition of InsideValuation.

Synovus Financial in Columbus, Ga., reported higher second-quarter earnings on solid growth in revenue and loans for investment properties.

Upcoming risk retention requirements may be the proverbial straw that breaks the back of the commercial mortgage-backed securities market.

The management team at Bank of the Ozarks knows it has a dependency on commercial real estate. But they assert that sound underwriting, and efforts to diversify, are what really matters when assessing risk.

Late payments on securitized commercial mortgages moved noticeably higher in June, as several large loans failed to pay off at maturity.

Manhattan renters left their apartments in search of better deals last month, pushing back against landlord price increases and taking advantage of a flood of new choices on the market.