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Hines, the international real estate firm, announced today the sale of Azure, a 308-unit, Class A, garden-style multi-housing property to Passco Real Estate Enterprises, Inc. of California. A turnkey project for Hines, capital raise, development, lease-up and sale were completed by the firm a year and a half ahead of schedule. Financials on the deal were not disclosed. HFF marketed the property on behalf of Hines

Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), today announced that it has expanded its affordable housing business by establishing a group dedicated to providing flexible financing resources to affordable, multifamily clients across the United States. With 18 Bellwether Enterprise offices located throughout the country, the Affordable Housing Group will leverage the firm’s existing, nationwide lending platform.

Brent Miller, CCIM, CPM, Managing Director and Senior Advisor with Sperry Van Ness – Miller Commercial Real Estate in Salisbury, MD is pleased to announce that Michael Procino has joined the SVN-Miller team as an Advisor.
Procino will be working out of the satellite Seaford, DE office with SVN-Miller Senior Advisor Tom Knopp

The Mortgage Bankers Association (MBA) today released its annual ranking of commercial/multifamily mortgage firms by origination volume. The MBA study is the only one of its kind to present a comprehensive set of listings of 127 different commercial/multifamily mortgage originators, their 2014 volumes and the different roles they play.

 Mortgage applications decreased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 13, 2015.

CBRE arranged the sale of a 42,277-square-foot Class A office property located at 7208 W. Sand Lake Road, Orlando, FL. Cardinal Point Management, LLC acquired the three-story Sand Lake Southwest building from an affiliate of Highwoods Properties for an undisclosed amount. CBRE represented the seller

CBRE Capital Markets’ Debt & Structured Finance originated $71.57 million in financing for an office property portfolio encompassing 330,438 square feet at two of the most recognizable buildings in Boca Raton, Florida. The Boca Glades Portfolio includes two Class A institutional-quality office buildings: The Plaza, located at 5355 Town Center Road, and One Town Center, located at 1 Town Center Road.

CBRE has been exclusively engaged by Ivy Realty Services to lease and market a Class A office building in the prestigious Royal Palm Way corridor of Palm Beach, Florida. With 25,000 square feet, 250 Royal Palm Way resides along the island’s “Banker’s Row,” which is home to some of the world’s most renowned names in banking, financial advisory and professional services.

Mesa West Capital’s New York office has originated a $71.6 million first mortgage loan to a joint venture headed by Crocker Partners for the acquisition, renovation and stabilization of two Class A office buildings in Boca Raton, FL.. Local real estate firm Crocker Partners and New York-based equity partner Siguler Guff & Company LP acquired the 200,000-square-foot One Town Center and the adjacent 139,000-square-foot The Plaza from Met Life Real Estate Investors in an all cash transaction late last year.

CBRE arranged the sale of Concept 2 Towers, two six-story medical office towers encompassing 101,136 square feet at 2290 and 2328 10th Avenue North in Lake Worth, Florida. Concept 2 Towers was acquired by KAS Datura LLC for $8.6 million. CBRE represented the seller, CD Parking, Inc

CBRE arranged the sale of a 10.35-acre development opportunity at the northwest corner of Sunrise Blvd. and US 441/SR 7 in Lauderhill, Florida, across from the newly developed Lauderhill Performing Arts Center & Library and the Central Broward Regional Park. The Amera 441 parcel was acquired for $2.5 million from Eagle FL I SPE, LLC by Cricket Club Lauderhill, LLC, whose principals are Alan Benenson and Michael Sher. The purchaser has plans to redevelop the infill asset into a 160-unit townhome community

CBRE arranged the sale of a 706,560-square-foot distribution building located at 19925 Independence Boulevard in Groveland, FL. Louisville, Colorado-based Real Capital Solutions acquired the building from Magnolia Partners LTD. CBRE represented the seller in the transaction.

A bipartisan energy bill introduced in the Senate today includes two bipartisan measures authored by Colorado U.S. Senator Michael Bennet designed to promote energy efficiency in homes and commercial buildings

Three hundred leaders in industrial and e-commerce real estate gathered at NAIOP’s E.CON: The E-commerce conference, held last week in Atlanta. With a keynote by the vice president of the supply chain for Walmart and SamsClub.com, plus action-packed panels discussing trends and opportunities, attendees agree that e-commerce strategies are constantly evolving and there are some apparent trends for the coming years.

Our growing reliance on computer networks and electronic devices in almost every aspect of our lives has been accompanied by an increasing threat from individuals, organized criminal networks, and nation states who victimize American citizens and businesses.  Hackers can steal or hold for ransom our most valuable and personal information

CBRE Capital Markets’ Debt & Structured Finance team originated $95 million in financing for the acquisition of a portfolio of five single-tenant office properties, totaling 1.6 million square feet, located in Georgia, North Carolina, South Carolina and Virginia.

CBRE arranged the sale of a 61,200-square-foot retail center located at 851 East State Road 434 in Longwood, FL. Time Square Plaza, anchored by national chains such as Sherwin-Williams and O’Reilly Auto Parts, was acquired from Beverly Hills, Calif.-based Latitude Management Real Estate Investors by an affiliate of Harvest Holdings for $3,122,500. CBRE represented the seller in the transaction

CBRE Hotels arranged the sale of the 80-room Key Colony Bay Resort, a property located on four acres in Marathon, Florida. Baywood Hotels acquired the asset from The Peebles Corporation. This represents the eighth Florida Keys hotel sale in two years to be arranged by the Miami-based CBRE Hotels team. CBRE Hotels’ Robert Taylor and Ron Danko represented the seller

Delinquency rates for commercial and multifamily mortgage loans continued to decline in the fourth quarter of 2014, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.

LOS ANGELES, Calif. - March 2, 2015 - (RealEstateRama) -- Commercial real estate investment banking firm George Smith Partners has successfully arranged $21 million in financing for its client, Elite Real Estate, LLC, for the ground-up construction of a 49-unit apartment community in the Brentwood neighborhood of Los Angeles, California