Insights

In Phoenix, thank Freddie Mac and Fannie Mae for the spike in multifamily values

We’ve not seen a recovery in the multi-family rental market but values have increased dramatically.  It’s easy to draw the positive correlation between lower interest rates and falling cap rates for multi-family.  Multifamily owners have a significant advantage over owners of all other types of commercial real estate as they can access government... Read more of this article

Reflections on ICSC 2010: Investment Market

Looking at the ICSC Las Vegas Convention from an investment front, the overall tone was positive in terms of available equity capital but lacking in transaction activity and results. Most institutional groups have capital ready to deploy, are looking for the highest quality deals in any given market and are willing to pay market rates for the right... Read more of this article

Spreads drop, loan-to-values rise as lenders struggle to find loans for their CMBS pools

By: James DuMars, managing director-NorthMarq Capital’s Phoenix office We’re seeing increased activity from several large banks and investment banks as they seek to accumulate loans for their CMBS programs as well as increase “on book” commercial real estate loans. Just this week, I met with one national bank and learned that they funded approximately... Read more of this article