Multifamily

The U.S. subsidiary of Japanese-owned Orix Corp. is adding another housing finance firm in the commercial and multifamily space to its stable of companies with its purchase of Lancaster Pollard.

A midyear report says the average vacancy rate across the Twin Cities metro during the second quarter was just 2.4%, down slightly from last year and the previous quarter.

Housing starts faltered in July on an abrupt slowdown in apartment construction and a modest decline in single-family homebuilding that shows the industry will do little to spur the economy.

A Denver-based real estate company specializing in affordable multiunit family and senior housing has bought several low-income or senior housing units in central Maine for $21 million and expects to renovate the properties.

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?

Insurers are seeing modest gains in market share as banks, facing increased scrutiny from regulators, lightly tap the brakes.

The California lender, which specializes in trade finance, reported strong growth in commercial and other lending categories last quarter, and it urged the Trump administration to seek fair trade deals with China.

Wage gains have fallen far behind skyrocketing costs for housing, a gap that's emerged despite a robust job market in recent years, according to an unsettling report released Monday.

Oh, the pain, the pain — and the cost, the cost — of renting a Bay Area apartment.

With traditional mortgage lending opportunities becoming increasingly scarce, banks in Seattle and Portland are loading up on jumbos, diving into multifamily and reviving dormant bridge loan programs.