CRE Midwest

Accessing Capital for Commercial Real Estate Is Difficult in the New Normal

With the nation’s banks sitting on between $1.2 and $1.3 billion worth of capital, they are nevertheless reluctant to lend on commercial real estate because of the elevated level of risk and current valuations of properties already on their books. Many banks own portfolios of commercial real estate whose valuations have declined significantly and do not want to increase their exposure.

CRE X Missouri

Mark Schnuck: All the credentials of a Hall-of-Famer

Late last year, Midwest Real Estate News ran its first Commercial Hall of Fame issue, honoring the top professionals in commercial real estate. Since then, we've been highlighting the careers of these industry stars on our Web site. This week, we take a look at the career of NAI DESCO's Mark Schnuck.

CRE Midwest

BGC Partners to Acquire the U.S. Business of Newmark Knight Frank

BGC Partners, Inc., one of the world's leading voice and electronic brokers serving the global wholesale financial markets, today announced that it has entered into an agreement to acquire Newmark, the real estate advisory firm which operates as Newmark Knight Frank in the U.S. and which is associated with London-based Knight Frank, which has extensive offices throughout the rest of the world.

CRE N Illinois

David Bercu: The value of the human touch

David Bercu, principal with the Rosemont, Ill., office of Colliers International, has worked in the commercial real estate business for more than two decades. During this time, he’s learned just what commercial brokers must do to earn the loyalty, and friendship, of their clients.