Lenders Aren't Scared Of Phoenix
Multifamily Deals
Sometime in mid-2016, lenders got a little more cautious — even skittish — about the nation's darling property type, multifamily. Even so, lenders are willing to bet on development in some markets, such as Phoenix, more than others. We spoke with Walker & Dunlop's Brandon Harrington and Matthew Steffen in the Phoenix office about multifamily lending and the Phoenix market.
Bisnow: Is it accurate to say that lenders are more cautious now in the multifamily space?
Harrington: Yes. Multifamily lenders are more cautious now about construction financing, responding especially to reports of the amount of multifamily being delivered in a…
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Investor Snaps Up Mesa Retail In Value-Add Play
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Developed in 2002,…
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The Fabulous Real Estate Of White House Press Secretary Sean Spicer
The White House recently released public financial disclosures on executive branch personnel, revealing a surprising connection between White House secretary Sean Spicer and his boss: real estate.
Though nowhere near as expansive as President Donald Trump's real estate empire, Spicer holds a real estate portfolio worth millions. According to his disclosure, Spicer's overall holdings are worth just under $10M. This includes both commercial and rental properties that account for up to $5.25M. From Rhode Island to Alabama, this is what we know about the press secretary's real estate holdings and wealth, according to the public filing.
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Even Developers Agree The U.S. Has Way Too Much Retail Space
Retail is in the midst of a seismic shift. As bankruptcies skyrocket and investors adjust, a huge amount of retail real estate has become obsolete.
“There's about a billion square feet of retail space that needs to go away, that needs to be converted, for the market to get healthy,” CoStar director of retail research Suzanne Mulvee said at Bisnow's National Retail Series event in Manhattan Tuesday morning.
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Ascent West Takes Dealmaking To A New Level
You do not need Donald Trump to tell you how to master the art of the deal. Just make sure you are in Scottsdale, Ariz., April 24-26 for Ascent West, the exclusive retreat for real estate's top owners, developers and investors under 45-ish.
You cannot be there without an Ascent membership, though, and the window is closing fast on your chance to secure a spot in the real estate industry's most prestigious invite-only community. (Do not be left out in the cold when…
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