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Jay Olander Joins Capital Square as President and CFO

Jay Olander Joins Capital Square as President and CFO

by Phil Hall | Mar 4, 2024 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Capital Square, a Richmond, Virginia-headquartered sponsors of tax-advantaged real estate investments and a developer and manager of housing communities, announced that Jay Olander has joined the company as president and chief financial officer. Olander also serves as...
Two Ratings Agencies Slash Credit Grade for NYCB

Two Ratings Agencies Slash Credit Grade for NYCB

by Phil Hall | Mar 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The tumult surrounding New York Community Bancorp (NYSE:NYCB) became more severe with two ratings agencies cutting its credit grade. Bloomberg reported Fitch Ratings lowered the bank’s long-term issuer default rating from BBB-to BB+, which is one level below...
$37 Million Refinancing Secured for Texas Multifamily Property

$37 Million Refinancing Secured for Texas Multifamily Property

by Phil Hall | Mar 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), announced the $37 million refinancing of Dane Park, a luxury 392-unit multifamily property in Grapevine, Texas. The terms of the five-year loan include 6.23% interest only and a spread of 1.68%....
Morgan Clark to Lead Investor Relations at Basis Industrial

Morgan Clark to Lead Investor Relations at Basis Industrial

by Phil Hall | Mar 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Basis Industrial, a privately held and vertically integrated real estate owner and operator, has hired Morgan Clark as director of investor relations. In his new role, Clark will oversee and manage the operational and capital management activities associated with...
Hits and Misses for the Real Estate Week of Feb. 25-March 1

Hits and Misses for the Real Estate Week of Feb. 25-March 1

by Phil Hall | Mar 1, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A major retailer shutting down stores, a federal regulator being pressed for transparency and living in a Mercedes-Benz (but not a car). From the wild and wooly world of real estate, here are the Hits and Misses for the week of Feb. 25 to March 1. Miss: No Miracle on...
1830 Farmhouse Being Offered for Free, But There is a Catch

1830 Farmhouse Being Offered for Free, But There is a Catch

by Phil Hall | Mar 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A historic New England farmhouse is being given away for free – albeit with one very big string attached. According to a report in the Concord Monitor, the residence in question is a 2,000-square-foot Colonial in Rye, New Hampshire, that was built in 1830 and includes...
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