CRE

Best Place to Work Honor Awarded to Marcus & Millichap for Second Consecutive Year

Retrieved on: 
Thursday, April 11, 2024
Professional Services, Residential Building & Real Estate, Human Resources, Commercial Building & Real Estate, Finance, Construction & Property, Consulting, Culture, CRE, Recognition, Affection, Research, MMI, Marcus & Millichap, Teaching, Property management

Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has been recognized with a Best Place to Work award from national commercial real estate (CRE) media GlobeSt.

Key Points: 
  • Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has been recognized with a Best Place to Work award from national commercial real estate (CRE) media GlobeSt.
  • Real Estate Forum for a second consecutive year.
  • Recognition was based on a wide range of attributes, including culture, work ethos, corporate leadership, spirit of giving back to the community, and the affection with which employees hold the firm.
  • For information about working with Marcus & Millichap, click here .

Pacific Valley Bancorp Announces Its First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 25, 2024
CFO, Federal Home Loan Banks, CRE, Pressure, Bank, OTC Markets Group, Credit, Growth

SALINAS, Calif., April 25, 2024 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited financial results for the first quarter of 2024.

Key Points: 
  • SALINAS, Calif., April 25, 2024 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited financial results for the first quarter of 2024.
  • Net income for the quarter ended March 31, 2024, was $1.2 million representing an increase of 2.8% or $32 thousand from the quarter ended December 31, 2023.
  • Net interest margin for the first quarter March 31, 2024 was 3.57% compared with 3.67% for the same period in 2023.
  • Net Interest Income was $4.50 million for the quarter ended March 31, 2024, compared to $4.55 million for the quarter ended March 31, 2023.

CREFC's 1Q24 Sentiment Index Reveals Caution Amid Changing CRE Finance Landscape

Retrieved on: 
Thursday, April 25, 2024
Uncertainty, CRE, BOG, Federal Reserve, Real estate

The 1Q 2024 Index experienced a slight decline, dipping to 105.4, a 4% decrease from the previous quarter's 109.9.

Key Points: 
  • The 1Q 2024 Index experienced a slight decline, dipping to 105.4, a 4% decrease from the previous quarter's 109.9.
  • Observations from Additional Topical Questions:
    The additional questions in the 1Q24 Sentiment Index provided deeper insights into critical areas affecting the industry.
  • We are navigating these uncertain times with a focus on adapting to market realities and today's regulatory environment."
  • For further details on the CREFC 1Q24 BOG Sentiment Index and to view the full report, click here .

Prism Places Surges to $2.5 Billion in Assets

Retrieved on: 
Tuesday, April 23, 2024
Personality, BMC, McWhinney, Fortification, Foothills Mall, Investment, CRE, Partnership, Alchemy, Life, DNA, Marketing, NOI, Growth, Telescopic sight

LOS ANGELES , April 23, 2024 /PRNewswire/ -- Today, Prism Places, an innovative CRE management and investment firm, shares a milestone: its assets under management have surged to $2.5 billion in less than three years. Since launch in February 2021, Prism has quietly assembled a premiere portfolio of over 2.7 million square feet which includes high-quality, legacy properties in major markets; mixed-use new developments that are industry models; and challenged mall projects that demand operational precision and visionary redevelopment.

Key Points: 
  • LOS ANGELES , April 23, 2024 /PRNewswire/ -- Today, Prism Places , an innovative CRE management and investment firm, shares a milestone: its assets under management have surged to $2.5 billion in less than three years.
  • The projects are united by a goal: to create "places with purpose" by embracing local culture, fostering community and generating extraordinary value for Prism's stakeholders.
  • "We founded Prism to fill the void of great operators in today's market," said Stenn Parton, Prism's Founder and CEO.
  • "I am proud of the Prism team and the amazing growth we have accomplished over the last three years.

EBI Consulting Launches Groundbreaking US Commercial Real Estate and Telecom Regulation Bulletin

Retrieved on: 
Tuesday, April 23, 2024
Real estate, PFAS, EBI, Building Energy, EPA, Health, CRE, Security (finance), Strategic planning, Knowledge, Engineering, Radon, CFR, LEED, NAAQS, Property

BURLINGTON, Mass., April 23, 2024 /PRNewswire-PRWeb/ -- EBI Consulting, a trusted leader in environmental, sustainability, engineering, and health and safety services for the commercial real estate industry, announced the launch of its groundbreaking "U.S. Commercial Real Estate and Telecom Regulation Bulletin." The quarterly bulletin provides industry stakeholders with insights, updates, commentary, and analysis on the increasingly complex regulatory and compliance environment in the commercial real estate sector.

Key Points: 
  • New quarterly bulletin keeps stakeholders informed with expert analysis, guidance, and updates on evolving commercial real estate regulations and compliance
    BURLINGTON, Mass., April 23, 2024 /PRNewswire-PRWeb/ -- EBI Consulting , a trusted leader in environmental, sustainability, engineering, and health and safety services for the commercial real estate industry, announced the launch of its groundbreaking "U.S. Commercial Real Estate and Telecom Regulation Bulletin."
  • The quarterly bulletin provides industry stakeholders with insights, updates, commentary, and analysis on the increasingly complex regulatory and compliance environment in the commercial real estate sector.
  • National Ambient Air Quality Standard (NAAQS), February 2024 Update: Updates on the NAAQS and its relevance to commercial real estate operations.
  • Stay ahead of regulatory changes and optimize your strategies with EBI Consulting's U.S. Commercial Real Estate Regulation Bulletin .

Trepp Unveils Inaugural Trepp Training Solutions Program, Welcoming First CMBS Cohort in Summer 2024

Retrieved on: 
Wednesday, April 17, 2024
Microsoft Excel, Research, CRE, History, University, Texas Tech University, CMBS, Student, Nursing

New York, April 17, 2024 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate (CRE), and banking markets, has today unveiled its inaugural Training Solutions Program, an 11-week course geared towards students aspiring to have careers within the CRE finance industry.

Key Points: 
  • "Trepp's Training Solutions program combines our robust history in the CMBS industry with our vast experience working with universities and young professionals," said Erin Timko, Director of Academic and Industry Relations at Trepp.
  • "Trepp's Training Solutions program combines our robust history in the CMBS industry with our vast experience working with universities and young professionals," said Erin Timko, Director of Academic and Industry Relations at Trepp.
  • The inaugural Trepp Training Solutions Program kicks off in May 2024.
  • For additional information on Trepp's education initiatives and the Trepp Training Solutions program, please contact at 212-754-1010 or [email protected].

S&P Global Market Intelligence U.S. Bank Market Report Finds Earnings are Expected to Fall 2.8% year-over-year in 2024, but Rebound Strongly in 2025

Retrieved on: 
Tuesday, April 16, 2024
Risk management, CRE, Pressure, S&P Global, Research, Safety, Growth, Bank

NEW YORK, April 16, 2024 /PRNewswire/ -- Higher credit costs are expected to serve as a modest headwind to U.S. bank earnings this year, according to S&P Global Market Intelligence's newly released U.S. Bank Market Report.

Key Points: 
  • NEW YORK, April 16, 2024 /PRNewswire/ -- Higher credit costs are expected to serve as a modest headwind to U.S. bank earnings this year, according to S&P Global Market Intelligence's newly released U.S. Bank Market Report.
  • "Even as interest rates are expected to fall in the second half of 2024, deposits remain firmly in focus for U.S. banks," said Nathan Stovall, director of financial institutions research, S&P Global Market Intelligence.
  • Earnings should rebound strongly for most institutions in 2025 and 2026 as institutions weather the credit cycle, absorb losses and record lower provisions for loan losses.
  • U.S. bank earnings are expected to rebound strongly in 2025 and 2026 as provisions for loan losses decline and become a much smaller headwind to earnings.

New York Community Bancorp, Inc. Bolsters Executive Team with Four Strategic Appointments

Retrieved on: 
Friday, April 12, 2024
Slate, Goldman Sachs, LLP, U.S. Bancorp, Comptroller, Risk, General counsel, Policy, EVP, Fintech, CRE, Head, Resolution Trust Corporation, Growth, ATM, First Citizens BancShares, CIT Group, Senate, Culture, Commercial property, Principal, NYCB, Associated Banc-Corp, Federal Reserve, Senior counsel, OCC, OneWest Bank, Credit, Partner, Bank

HICKSVILLE, N.Y., April 12, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) proudly announces the appointment of four distinguished leaders to its executive management team, effective immediately.

Key Points: 
  • HICKSVILLE, N.Y., April 12, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) proudly announces the appointment of four distinguished leaders to its executive management team, effective immediately.
  • These strategic appointments signify the Company's commitment to enhancing its operational capabilities, fortifying its risk and compliance framework, and driving sustainable growth.
  • Joseph Otting, President and CEO, commented, "We are thrilled to welcome Craig, Bao, Scott and James to our executive team.
  • These appointments underscore New York Community Bancorp, Inc.'s commitment to fostering a culture of excellence, innovation, and integrity, as it continues to deliver value to shareholders and service to our customers."

Luis de Guindos: Presentation of the ECB Annual Report 2023 to the Committee on Economic and Monetary Affairs of the European Parliament

Retrieved on: 
Thursday, April 18, 2024
Reproduction, Capital Markets Union, Attention, Growth, Face, Weakness, European Parliament, ECB, Committee, ESCB, Frankfurt, Policy, CRE, Communication, Insurance, CMU, Parliament, DFR, Economy, Suggestion, Annual report, European Central Bank

Stock market development and familiarity (language and distance) are considered key determinants for home bias.

Key Points: 
  • Stock market development and familiarity (language and distance) are considered key determinants for home bias.
  • The literature neglects however that investors often invest in foreign funds domiciled in financial centers.

NewtekOne, Inc. Announces Loan Closings for the First Quarter 2024

Retrieved on: 
Monday, April 1, 2024
EPS, NEWT, Growth, SBA, CRE, Running, BOCA, C&I

BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company” or “NewtekOne”) (NASDAQ: NEWT), announced today that its nationally chartered bank subsidiary, Newtek Bank, N.A., closed $207.7 million of SBA 7(a) loans for the three months ended March 31, 2024, which represents a 36.2% increase over $152.5 million of SBA 7(a) loans closed in the first quarter 2023. Newtek Bank and the Company’s non-bank subsidiaries closed $308.6 million of loans, across all loan products, for the three months ended March 31, 2024, which represents a 35.8% increase over $227.2 million for the same period in 2023. The Company also announced strong growth in its loan approval pipeline across all lending products year-to-date through March 31, 2024. In particular, the Company approved $507.7 million of new loans, across all loan products, for the three months ended March 31, 2024. which represents a quarterly record for the Company. NewtekOne’s loan programs include SBA 7(a) loans, SBA 504 loans, alternative lending program (formerly referred to as our non-conforming conventional loan program), conforming C&I loans and conforming CRE loans.

Key Points: 
  • The Company also announced strong growth in its loan approval pipeline across all lending products year-to-date through March 31, 2024.
  • Finally, the Company announced that Newtek Bank has experienced increased deposit activity during the first quarter 2024.
  • Specifically, from the period of March 15, 2024 through March 31, 2024, deposits increased by approximately $30 million.
  • We plan to update our 2024 forecast when we release our first quarter 2024 financial results.