Finance & RE Law Archives

HFF arranges $210M in financing across Arizona, other markets

HFF
by in AZRE Magazine | Finance & RE Law

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a total of $210 million in first lien financing for Westwood Financial Corp comprising 10 multi-tenant retail centers totaling 973,985 square feet in Arizona, California, Kansas, North Carolina and Texas markets. HFF worked on behalf of the borrower, Westwood Financial Corp., in advising them… Read More →

Walker & Dunlop structures $28.6M rehab loan for Mesa apartment

Walker & Dunlop
by in AZRE Magazine | Finance & RE Law

Walker & Dunlop, Inc. (NYSE: WD) announced today it structured a $28,550,000 Fannie Mae Moderate Rehab loan for Whispering Meadows, a garden-style apartment complex in Mesa, Arizona, utilizing the Fannie Mae Green Rewards program. The Fannie Mae Green Rewards program provides improved financing options and enhanced pricing to borrowers who are focused on energy reduction… Read More →

Vereit Inc. upsizes stock to 60,000,000 shares

capital
by in AZRE Magazine | Finance & RE Law

Vereit Inc. (NYSE: VER) priced an underwritten public offering of 60,000,000 shares of common stock in an effort to repay amounts of outstanding debt, according to a company announcement. The Phoenix-based real estate firm expects to gross approximately $621 million from the underwritten upsize. The Company intends to use the net proceeds of this offering to… Read More →

Scottsdale-based Caliber launches mini-IPO

Sustainable Banks, Green Banking

Merriman Holdings, Inc. ( MERR ) will be advising Caliber Companies on the process toward a Regulation A+ offering. The anticipated offering will allow Caliber to raise up to $15 million and the transaction is expected to be offered through a syndicate of investment banks. A Regulation A+ offering is a newly Securities and Exchange… Read More →

Interest rates create uncertainty in CRE financing

Construction Projects, AZRE Magazine March/April 2011

Looking at the commercial real estate financing industry is like looking at statistics: There can be several different interpretations. If you look at the numbers from 2015, commercial and multifamily mortgage bankers closed $503.8 billion in loans, according to a report from the Mortgage Bankers Association (MBA). Those numbers were 26 percent higher than 2014.… Read More →

What will be impact of interest rate increase on CRE?

Arizona Economic Forecast 2011, Economic Recovery
by in AZRE Magazine | Finance & RE Law

In a move that heralds modestly higher rates on some loans, The Federal Reserve is raising interest rates from record lows set at the depths of the financial crisis. The Fed coupled its first rate hike in nine years with a signal that further increases will likely be made slowly as the economy strengthens further… Read More →

ULI Arizona’s ‘Shark Tank’ participants get real

Shark Tank

The Urban Land institute’s Arizona District Council is bringing together real deals and expert money in an event tailored after popular investment reality show “Shark Tank.” Entrepreneurs present real estate development proposals to a panel of ‘sharks’ (read: veteran real estate investors) and an audience of real estate professionals with hope of being awarded investment… Read More →

What is the true role of a real estate lobbyist?

Knowledge is power. It’s also the currency used by lobbyist Ken Strobeck, executive director of the League of Arizona Cities and Towns. “I think people have a very misunderstood view of what lobbying is,” says Strobeck. “You think of somebody who is sneaking around with money falling out of their pockets on edge of legality. … We’re… Read More →

U.S. office rents growing at fastest pace in 7 years

123rf.com: fffranz

Despite the recent global volatility, tenant demand for U.S. office space remained strong in the third quarter of 2015 pushing rental rates up in three-quarters of the U.S. according to new research by Cushman & Wakefield. Preliminary data show that U.S. office markets absorbed 19.2 million square feet (msf) of office space in the third… Read More →

NAIOP Arizona speaker sparks ‘interest’ in interest rates

123rf.com: thodonal

Signs were there that the Federal Reserve Board was not going to raise interest rates, KC Conway told NAIOP Arizona members at a recent Market Leaders Series. Conway, a third-generation MAI and Counselor of Real Estate with SunTrust Bank in Atlanta, spoke to a standing-room only audience at the offices of Colliers International a day… Read More →

Real Estate Law Guide: Abiding Time

Business people are using smart watch

When things are good, what is there to fight about? According to some legal construction experts, not much. “Contractors are not willing to litigate any longer; They don’t want to pay attorneys to fight,” says Ed Rubacha, attorney at Jennings Haug & Cunningham. When there were disputes between contractors, people relied on the option to… Read More →

AMA: HUD-sight is 20/20

discrimination_33558548_xl

There’s an opening for a high school biology teacher. Hundreds of applications come in for the job, equally split between male and female candidates. Then, the school decides to combine the teaching role with coaching the high school varsity football squad. Suddenly, there’s a huge shift in gender availability and interest in what was originally… Read More →

Legislative Update: digging deep for water

Colorado River Lake Meade

By Cheryl L. Lombard, President and CEO of Valley Partnership   A balanced compromise has been found with Mayor Mark Mitchell and the Tempe City Council to remove street car from the city’s final development impact program. In the July/August Legislative Update, Valley Partnership mentioned our concern of street car being included in the final program.… Read More →

The foreclosable future of commercial real estate

Floreclosable Future_6738120_xl

Paul Weiser, shareholder and co-chair of Buchalter Nemer, uses the term “blend and extend” to describe the attitude between landlords and tenants during the recession. This is the dark side of being a tenant-landlord lawyer, he says. This robbed many landlords of their ability to part with tenants who couldn’t afford to pay the full… Read More →