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 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.

Office Midwest

TCF Inventory Finance doubles footprint with new sublease

Jones Lang LaSalle has announced that TCF Inventory Finance, Inc. — an indirect subsidiary of Wayzata, Minnesota-based TCF Financial Corporation, a bank holding company with $18.5 billion in total assets — will move its corporate headquarters to a 45,156-square-foot sublease space at the Schaumburg Corporate Center.