For nearly 10 years, Utah Business has published the Legal Elite list showcasing the state's best-of-the-best lawyers. Our goal has been to publish a meaningful and credible Legal Elite list--a list that Utah's...
[ILLUSTRATION OMITTED] The Municipality of Anchorage is one of Alaska's most prominent and populous urban areas. Nowhere else in the state contains such a substantial population concentrated in one place--and within easy reach...
Through the recent real estate downturn, construction lending has seen a significant decline in volume. As the commercial real estate industry begins to recover, a new model for construction lending is developing. Non-traditional...
HEADNOTE In 2012, roughly $400 billion worth of CRE loans are set to mature. How many are refinanceable is a whole other question. IMAGE ILLUSTRATION 1 During the worst of the commercial real...
Chicago-based Maverick Commercial Mortgage closed on a $5.9 million construction and mini-perm loan for DuPage Dodge-Chrysler-Jeep, Glendale Heights, Illinois, in December. Chrysler Group Realty Co. sold the 5.91-acre site, vacant for 15 years,...
HEADNOTE For the commercial real estate and multifamily finance markets, the term "normal" doesn't really apply. Each new cycle brings its own dynamics. IMAGE ILLUSTRATION 1 A s the commercial/multifamily real estate finance...
John Haertzen has been promoted to assistant vice president commercial lending at Bridgewater Bank, Bloomington, Mi nn. Haertzen has been with the bank since its inception in 2005. He is a graduate of...
NEW YORK -- Fitch Ratings has affirmed CIBC World Markets Corp's (CIBC) commercial mortgage-backed securities (CMBS) servicer ratings as follows: --Primary servicer rating at 'CPS3'; --Special servicer rating at 'CSS3'. The primary servicer...
TD Bank has named Christine McLaughlin small business relationship manager for the Southwest New Hampshire Region. An assistant vice president, she is based in the bank's Keene office TD Bank also has promoted...
PHOENIX -- Schuff International, Inc. (Pink Sheets:SHFK), a family of companies providing fully integrated steel construction services, today announced it has repurchased approximately 5.6 million shares of its common stock from its majority...
CHICAGO -- Fitch Ratings has affirmed four and upgraded three classes of notes issued by Emporia Preferred Funding I, Ltd./Corp. (Emporia I) as follows: --$274,713,721 class A notes affirmed at 'AAAsf'; Outlook Stable;...
Federal consumer protection law does not preempt a lawsuit alleging that a home lender's charging of a purported prepayment fee breached the terms of the plaintiffs' loan agreement, the 6th Circuit has ruled...
Just before 2011 kicked off, Hancock Bank set the tone for the first half of the year with its $1.5 billion acquisition of 127-year-old Whitney Bank. A string of buyouts involving local banks...
Inventory Management Leader Sends Entrepreneurial Message for Businesses Throughout Utah, U.S. SALT LAKE CITY -- Fishbowl[R] (www.fishbowlinventory.com) is joining with Utah-based Zions Bank to send the state and the nation a critical message:...
CHICAGO -- Prime Group Realty Trust (OTC PINK: PMGEP) (the "Company" or "PGRT") announced today that SmithBucklin Corporation has executed a lease agreement and will relocate its Chicago headquarters to 330 North Wabash...
Cassidy Turley secured a 10-year lease agreement for CIFC Corp. for more than 29,000 s/f of space at 250 Park Avenue. CIFC Corp. will occupy the entire fourth floor for the company's headquarters....
Developers Drew Prell and James Morton purchased a 31,000-square-foot property near Southeast Claybourne Street and Milwaukie Avenue five years ago, with plans to build condominiums. But after lending tightened a few years ago,...
Meridian Capital Group, LLC, a national commercial real estate finance and advisory firm, negotiated a $16.5 million financing package, composed of a first mortgage and a mezzanine loan, to recapitalize a challenged condominium...
LOS ANGELES -- Broadway Financial Corporation (the "Company") (Nasdaq Small-Cap: BYFC), parent company of Broadway Federal Bank, f.s.b. (the "Bank"), today reported that it has received a letter, dated December 27, 2011, from...
Provides support and business tools for business enterprises through The Small Business Development Center and The Business Loan Fund in Mesa County. The center also provides workshops, consulting and office or manufacturing space....