NorthMarq Capital opens Reno office
Bloomington-based NorthMarq Capital has opened a new office in Reno, Nev., and named Thomas J. Powell as managing producer.
View ArticleRates are great, but can CMBS come back?
Will the commercial mortgage backed securities market rebound in time to help refinance a wave of real estate loans coming due in the next several years?
View ArticleFinessing finance at A-Mill, Longfellow Station
Financing details continue to shift for two large Minneapolis apartment proposals at closely watched sites.
View ArticleWaiting for the mezzanine market
Commercial real estate investors and mortgage bankers have been predicting for a year that mezzanine loans would play a growing role in a market adjusting to lower real estate values and lower leverage...
View ArticleCommercial real estate industry still awaits CMBS return
Commercial real estate investors are well aware of the excesses that went on in the heyday of the commercial mortgage-backed securities market several years ago. But oh, are they eager to see that...
View ArticleCommercial mortgage lenders ramping up – carefully
Even with interest rate floors, rates on commercial mortgages in 2012 have remained historically low, reducing debt costs for investors, according to borrowers and mortgage bankers.
View ArticleOak Grove, NorthMarq announce recent mortgage deals
Two Twin Cities mortgage banks have announced financing deals they recently completed in the region.
View ArticleQuantitative easing brings benefits and doubts
Ed Padilla, CEO of Bloomington-based NorthMarq Capital, said in a Q&A interview Wednesday that Federal Reserve Chairman Ben Bernanke’s gambit on a new round of quantitative easing did produce gains...
View ArticleLenders look to commercial real estate for better yield
For the third straight year lenders are designating more dollars to commercial and multifamily mortgages, which should mean lower interest rates and easier terms for borrowers, according to several...
View ArticleNew United unit quietly buys home sites
United Properties, known as a commercial property developer and investor, is emerging as a player in residential development through its Meridian Land Co. subsidiary.
View ArticleLuxury re-fi: Foshay owners land new loan for W Minneapolis
Amid an improving climate for commercial real estate, the owners of W Minneapolis – The Foshay hotel have refinanced the property with a new $57.5 million, 10-year loan. Ridge Stafford, a vice...
View ArticleNorthMarq arranges $2.2M refinance for shopping center
Bloomington-based NorthMarq Capital has arranged a $2.2 million refinancing of Knollwood Retail Center in St. Louis Park, the firm announced Tuesday.
View ArticleNorthMarq Capital closes 7west refinancing
NorthMarq Capital has finalized a $34.5 million refinancing of the 7west Apartments in Minneapolis.
View ArticleMiller promoted to VP of production at NorthMarq
NorthMarq Capital has promoted Jon Miller to vice president of production in the firm’s Minneapolis office.
View ArticleDan Trebil named managing director for NorthMarq Capital
Dan Trebil has been named managing director of NorthMarq Capital’s Minneapolis office, the company announced Monday.
View ArticleNorthMarq arranges refi for St. Paul apartments
The Minneapolis office of NorthMarq Capital has secured $6.55 million in refinancing for the East River Apartments in St. Paul, the company announced Monday.
View ArticleNorthMarq Capital arranges $35M refinancing for Flux apartments
The Minneapolis office of NorthMarq Capital arranged a $35 million refinancing loan for Flux, a 216-unit apartment building in Minneapolis’ Uptown neighborhood.
View ArticleCMBS activity slows in first half
CMBS issuance, which has been following an upward trend since 2009, totaled $41.5 billion for the year through July 3, which is down about 23 percent from the $51.3 billion in loans completed during...
View ArticleNorthland Center in Bloomington sells for $51 million
Two Bloomington office buildings owned by United Properties and inhabited by a number of the Pohlad Companies’ businesses sold Thursday.
View ArticleNorthMarq secures $2.95M refinancing for Brooklyn Park property
NorthMarq Capital has secured $2.95 million for the refinancing of an industrial building in Brooklyn Park, the firm announced this week.
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