Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
New Residential and Altisource Portfolio Solutions have also entered into a letter of intent to negotiate certain fee-based services on the $110-billion Ocwen portfolio.
A CBRE Capital Markets team arranged CMBS and mezzanine financing for the 97-property net lease portfolio spread across 20 states, which Stonemont acquired from Oak Street Real Estate Capital.
“Markets with a healthy mix of access to good jobs and relatively affordable housing attracted the most interest from pre-movers in the second quarter, a harbinger of strong home sales activity” in Q3, says ATTOM Data Solutions' Daren Blomquist.
While some segments and classes saw greater compression or expansion, generally speaking “there was limited movement in cap rates” during the first six months of this year, says CBRE's Spencer Levy.
The potential for a slowdown in net absorption due to a stall in macroeconomic activity is now pushed back to 2019 at the earliest, says the NAIOP Research Foundation.