Finance

Minnesota’s Hiway Credit Union and SPIRE Credit Union eying a merger

Two of Minnesota’s largest credit unions, Hiway Credit Union and SPIRE Credit Union, are seeking to merge. Both organizations’ Boards of Directors, CEOs and leadership…

JLL Capital Markets closes $34.62 million refinance of 200-unit apartment building in West St. Paul

JLL Capital Markets has arranged the $34.62 million refinancing of Savor Apartments, a 200-unit, mid-rise, market-rate multi-housing community in West St. Paul, Minnesota. JLL worked…

Latest increase pushes Fed’s benchmark interest rate to highest level in 22 years

The Federal Reserve Board yesterday raised its benchmark interest rate once again, this time sending it to its highest level in 22 years.

Colliers Mortgage closes $18.3 million loan for rehab of St. Paul apartment complex

The Minneapolis office of Colliers Mortgage closed a $18.3 million HUD 221(d)(4) loan for the substantial rehabilitation of Sherman Forbes Housing in St. Paul, Minnesota. …

Investing in commercial real estate during challenging economic times is a winning strategy

With recessionary fears increasing and investors pouring record amounts of cash into risk-free alternatives, Chicago-based real estate fund manager Origin Investments completed an analysis showing…

Colliers Mortgage closes $26.6 million loan for refinance of Chattanooga apartments

Bill Mattice, Phillip Cox and Paul McDonald of the Colliers Mortgage Greenville, South Carolina, team recently closed a $26.6 million Fannie Mae loan for a…

Colliers closes $19.53 million loan for construction of seniors housing in Minnesota

The Colliers Mortgage Minneapolis team recently closed a $19.53 million HUD loan for the construction of Artessa Cooperative at Mound Harbor in Mound, Minnesota. The…

CEO of Minnesota’s SPIRE named chair of Regions Hospital Corporate Council

Dan Stoltz, president and chief executive officer of Falcon Heights, Minnesota-based SPIRE Credit Union, has been named chairman of the Regions Hospital Corporate Council. The…

Colliers Mortgage closes $7 million loan for rehab of two-property apartment portfolio in Minneapolis

The Minneapolis office of Colliers Mortgage closed a $7 million HUD 221(d)(4) loan for the rehabilitation of the Talmage-Oakland portfolio of multifamily homes in Minneapolis.…

Berkadia closes sale, secures financing of 395-unit multifamily property in Kansas

Berkadia Institutional Solutions closed the sale of and secured financing for Georgetown Apartments, a 395-unit garden-style multifamily property in Merriam, Kansas. Senior Managing Director Pete…

Finance

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