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Category: Multifamily

Banks Plan to Increase CRE Allocations in 2012, But Risk Remains a Watchword

Slowing banks are becoming more confident in the commercial real estate market. Find out more about the types of deals that are getting done and how banks are helping.

In what appears to be a sign of things to come, U.S. Bank recently closed on an $18 million construction loan for NoBe Bay, a 98-unit waterfront condominium project.

Unimpeded by Legacy Distress, Healthier Banks Making CRE Loans

Will 2012 bring access to more commercial real estate loans? Economist, Dr. Chandan, discusses the effects of legacy distress on the market.

Dr. Sam Chandan | GlobeSt.com

As reported in our most recent Bank Default and Lending Report, the combined default rate on banks’ commercial and multifamily mortgage loans fell to 3.75 percent in the third quarter of 2011.

International tide lifts South Florida real estate market

Recent article in the Miami Herald regarding the international interest in the Florida real estate markets…

“The absorption rate, especially in condos, has gone bananas,’’ said Veissi, who heads a South Miami real estate company.

International buyers, especially from South America, see “real value” in South Florida real estate, he said. Veissi expects international transactions will be even stronger in 2012. “This is an excellent time to be an investor or buyer in Southeast Florida,’’ he said.

Commercial Real Estate in Florida: What’s HOT and What’s NOT

This article outlines which sectors in Florida’s commercial real estate market and the best bets right now. Click on the link below to read more.

Cindy Krischer Goodman | Florida Trend

If there has been a consistent bright spot in Florida’s real estate market, it is the industrial sector — warehouse-type space that includes everything from grocery distribution facilities to storage to manufacturing plants.

Palm Beach Multifamily Performance Improving

Here is a recent article regarding the multifamily market recovery in Palm Beach.

Florida Real Estate Journal

A recovering job market continues to support demand for rental housing in large properties in Palm Beach County, but rents continue to rise only modestly.

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