By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -Deutsche Pfandbriefbank (PBB), one of Germany’s top property financiers, reported on Wednesday a 74% plunge in second-quarter profit and set aside more money to cover potential bad loans in a weak U.S. office market. The move follows a wave of bad news this year for the bank,
7:00 AM on Aug 12, 2024 CDT A Chinese solar panel maker has secured $235 million in financing for a massive factory planned in southern Dallas County. The six-year loan will help fund the development, construction and operation of Trina Solar’s 1.35 million-square-foot facility in Wilmer, about 17 miles south of downtown Dallas. The plant
Invest In The Tampa Apartment Market And Earn A 13% Target Net Preferred Return Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Any real estate investor who has been following the Tampa Bay region of Florida in recent years is well aware of the significant growth
Mortgage Rates Drop Below 7%: Are Millennials Finally Catching a Break in the Housing Game? Sky-high inflation and mortgage rates have added an extra hurdle for many would-be homebuyers. If that’s you, the past few weeks have presented an opening. According to Freddie Mac, the average rate for a 30-year fixed home loan went from
©Shutterstock.com Have you ever driven past an empty office building and wondered about the possibilities that could open up if you dialed the realtor’s number? Or seen a multi-unit dwelling that you know could be a money-making machine with some TLC and the right marketing? Learn More: 3 Best Florida Cities To Buy Property in
What’s In Kamala Harris’ Wallet? Millions Of Dollars, And A 2.625% Mortgage Rate As Kamala Harris pivots from Vice President to presumptive Democratic nominee for president, her financial disclosures show a desirable piece of her portfolio – a 2.625% mortgage rate on her Los Angeles home. That rate, secured in 2020, is a relic of
The stock of Dallas regional bank First Foundation (FFWM) plummeted following a $228 million investor infusion, the latest reminder that commercial real estate challenges for some regional lenders are far from over. First Foundation said the investment from private equity giant Fortress and other firms announced Tuesday would help it reduce its concentration of multifamily
(Updates share price drop in paragraph 1, adds commentary in paragraphs 7 and 8) By Niket Nishant and Manya Saini July 3 (Reuters) – First Foundation shares slumped roughly 24% on Wednesday to their lowest since November after the Texas-based lender with a huge portfolio of multifamily real estate loans disclosed a $228 million “unexpected”
Dallas City Council recently moved forward a project that will reshape a large swath of Lemmon Avenue. A multi-level apartment building will replace several fragmented retails buildings between Throckmorton and Reagan streets. The property is closed in by Bowser Avenue, along which there will be constructed a community-facing pocket park. Fort Worth-based developer Trademark Property
Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to sell some commercial multi-family real estate loans to Bank of America for about $2.9 billion. WaFd said in a Friday (May 17) filing with the Securities and Exchange Commission (SEC) that the deal involves 2,000 commercial multi-family real estate loans with a current aggregate unpaid principal balance