insurance

Banks Returning to CRE Lending via Multifamily, Owner-Occupied Properties

March 8, 2012

Costar… It’s not a big hook to hang a hat on, but the small increase in some commercial real estate loan balances on bank books at the end of the year serves as yet another indication of thawing lending markets for property investors. Overall loan balances on bank books posted their largest real growth in four years, according to year-end numbers released this past week by the Federal Deposit Insurance Corp. (FDIC). As far as CRE lending goes, it was… Excerpt from: Banks Returning to CRE Lending via Multifamily, Owner-Occupied Properties Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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UBS Invests $74M in N. Hollywood Luxury Apts.

March 2, 2012

Costar… A core fund managed by UBS acquired NoHo14, a 180-unit mixed-use high-rise at 5435-5449 Lankershim Blvd. in the NoHo Arts District of Los Angeles, CA, for $73.9 million or $410,583 per unit. A joint venture led by Beverly Hills-based Kennedy Wilson, Guardian Life Insurance and Urban Partners/RECP sold the asset. The 14-story luxury apartment building was originally built as a condominium project in 2008. After the partnership purchased the property… The rest is here: UBS Invests $74M in N. Hollywood Luxury Apts. Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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China Insurer Buys Tower

March 17, 2011

Asia Pacific Land, a private real-estate investment firm with about $4.3 billion in assets, is selling a top-tier office tower in Shanghai to China Pacific Insurance Group for about $670 million.

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Isaac, Pitt Say Dodd-Frank `Worst’ Financial Legislation: Audio

February 17, 2011

Feb. 17 (Bloomberg) — William Isaac, chairman of Fifth Third Bancorp and former chairman of the Federal Deposit Insurance Corporation, and Harvey Pitt, chief executive officer of Kalorama Partners and former chairman of the Securities and Exchange Commission, talk with Bloomberg’s Kathleen Hays about the Dodd-Frank financial overhaul law. Federal Reserve Chairman Ben S

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