NEWS & REPORTS

Commercial Real Estate Finance News

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CRE Financing Patiently Awaits, Should the Music Stop – WMRE 2023 Midyear Outlook

Midway through the year, financial experts are still trying to understand how the U.S. banking crisis that unfolded quickly in the first few months of 2023 will play out in capital markets. Until the uncertainty clears, commercial real estate…

Patience is a Virtue

Commercial real estate faces difficult times as the banking crisis wears on By Adam S. Finkel The U.S. bank crisis that unfolded quickly in the first few months of this year revealed several troubling themes and situations for…

RNR Real Estate Briefs

Tower Capital  arranged $120.5 million in financing for two build-to-rent communities in the Phoenix market. The lease-up bridge and construction financing is for the newly developed Village at Pioneer Park, a 332-unit project, and Village…

Empire Group Obtains $120 Mil in Financing on Two AZ Build-to-Rent Projects

Scottsdale, AZ-based Empire Group has secured $120.5 mil in financing for two Build-to-Rent (BTR) communities in the Phoenix market. The lease-up bridge and construction financing is for the newly developed Village at Pioneer Park, a 332-unit…

Ignore the headlines. Arizona’s water future is a lot brighter than they suggest

Opinion: Why should Arizonans be confident we'll overcome our water challenges? Because we have regulatory measures that produced years of positive results. Arizona has significant water challenges, but it is not on the brink of running out…

Empire Group Secures $120.5 Million in Financing for Two BTR Communities Near Phoenix

PEORIA AND GLENDALE, ARIZ. — Empire Group has secured $120.5 million in financing for two build-to-rent (BTR) communities in the Phoenix metropolitan area. Kyle McDonough and George Maravilla of Tower Capital arranged the financing on both…

Tower Capital surpasses $1B financing for build-to-rent sector as Valley project pipeline increases

Build-to-rent communities, a concept born in Arizona, are pushing further across the country and developers have found a friend in Tower Capital, which helps them secure financing to build their projects. Here's why the BTR market — and the…

Scottsdale’s Tower Capital Passes $1B in BTR Financing

For Tower Capital, the hits just keep coming. The Scottsdale company surpassed $1 billion in lending activity for the rapidly growing build-to-rent sector. The financings have helped developers add roughly 6,000 units across 35 communities across…

Tower Capital Adds Kevin Wieland to Leadership Team in Denver

DENVER — Kevin Wieland has joined Tower Capital as a Senior Vice President. In this role, Wieland will arrange debt and equity capital for investors to acquire, develop, reposition or refinance commercial projects in the Rocky Mountain Region…

Tower Capital Bolsters Rocky Mountain Presence with New SVP

Kevin Wieland is joining Tower Capital as an SVP in Denver, advancing the firm’s expansion in the Rocky Mountain region. The former principal at LaSalle Investment Management will be responsible for arranging debt and equity capital for investors…

People in the news, May 30

Kevin Wieland is joining Tower Capital as a senior vice president in Denver. Wieland served more than 13 years at LaSalle Investment Management and its predecessors. He earned an undergraduate degree in sociology from the University of California,…

This Week’s Denver Deal Sheet

Broomfield officials unanimously voted this week to close the 1stBank Center. The 16-year-old concert and sports venue will be torn down, and the land it sits on could be lumped into a 22-acre package that the city hopes to sell to a developer. Source…

Are We Headed Toward Another 2008? Experts Say No

  Adam Finkel And unlike the frozen credit markets of 2008, the current scenario “is more akin to a confidence crisis that will pass,” commented Tower Capital Principal Adam Finkel. “The situation is expected to calm down, stabilize…

Here are the finalists for the 2023 Champions of Change Awards

The finalists for Az Business magazine's Champions of Change Awards, sponsored by PNC Bank, are remapping the business landscape in Arizona. "The Champions of Change Awards spotlight those individuals and businesses in our communities who are…

Meet the 2022 Awards winners

The US commercial real estate debt markets navigated rising interest rates and macroeconomic and geopolitical turmoil for a number of solid transactions. Find out which organizations and deals were voted last year’s best. Source Articl…

Out-of-state developers plan thousands of build-to-rent units in metro Phoenix

Thousands more build-to-rent units are coming to the Valley, but with a new twist. While some are the traditional detached, single-family homes built within a community with resort-like amenities, some are attached townhomes with their own garages.…

AZ Big 100: 50 commercial real estate companies to watch in 2023

It’s hard to know what to expect from Arizona’s economy in 2023. The labor market remains very tight, with low unemployment, high levels of labor market churn, and a tremendous number of open jobs. But any income gains we are making are…

Tower Capital Brings on Debt and Equity Specialist for Rocky Mt. Region

Tower Capital is continuing to expand into the Rocky Mountain Region with the addition of Matt Hiltner, who will serve as Vice President in the firm’s Denver office. Hiltner specializes in debt and equity placement for ground-up and existing…

Fry’s to open new Valley locations; more retailers set for Peoria; 10 other deals to know

Park West, the Peoria shopping, entertainment and dining center, has announced a long list of retailers set open this year. Plus, click through to read about more of the biggest real estate deals from across the Valley, including building and…

Churchill Provides $55M Build Loan for Phoenix BTR Developer

Churchill Real Estate provided $55 million in construction financing for Empire Group to develop the Village at San Tan, a 240-unit build-for-rent (BTR) community in Queen Creek, Arizona. The project, which is set to break ground in April, will…