PNC has teamed up with a visionary developer to deliver student housing that is affordable, comfortable and creates a sense of community that enhances the college experience. Learn More.
Offering a combination of senior and senior transitional housing, Bonnie Brae Village was an innovative concept from the beginning. During development, PNC's creativity was challenged by unforeseen difficulties which put the dream of nearly 100 units of housing for seniors in danger. PNC, working with the City of Los Angeles and other stakeholders in the transaction, provided the flexibility and leadership necessary to hold the transaction together. Learn More.
PNC has recently been selected as one of two recipients for the United States Green Building Council - New Jersey (USGBC-NJ) Green Ground Breaking Award. Learn More.
Mission Hills Magazine recently profiled the Midland Women's Network for its spring issue. The article provides information on the network's seminars and the work the network does in the community. Learn More.
Action by PNC Real Estate is providing much needed low-income housing - and more - in the rapidly-gentrifying Adams-Morgan neighborhood of Washington DC. Learn More.
An attractive new residential tower complex is rising in downtown Baltimore. Just a few steps down the street from Johns Hopkins Medical, a major component of the Science and Technology Park at Johns Hopkins (which is an urban redevelopment of 88 acres located adjacent to world renowned Johns Hopkins medical and research complex), the 20-story 321 unit, 572 bed "929" building will house students, interns, residents and other medical trainees when it opens in Summer of 2012. Development is being financed by a $42.7 million construction loan arranged by PNC. Learn More.
PNC Real Estate once again received a number of top rankings in the Mortgage Bankers Association's 2010 Year-end Commercial / Multifamily Servicer Rankings report. Learn More.
In a March 21 press release, Midland Loan Services' strong Commercial Mortgage Primary, Master, and Special Servicer ratings were affirmed by Standard & Poor's. Learn More.
The Residences at Ellicott Gardens, was recently honored with a "2010 Commitment to Excellence Award" by the Maryland Department of Housing and Community Development. Learn More.
In a March 2 press release, PNC Real Estate and the International Council of Shopping Centers (ICSC) announced a new market research report that offers in-depth coverage and analysis of U.S. retail and restaurant store-closing data. Learn More.
The U.S. Retail Real Estate Supply Conditions report includes wide-ranging information on retail and restaurant closings from the fourth quarter of 2010. Subsequent reports will be completed on a quarterly basis to track significant store closings and space reductions nationwide and posted on both PNC's and ICSC's Websites.
Read the full press release here.
Read the full report here.
Recessionary economic conditions and a slow recovery have impacted commercial real estate values and the performance of related debt. Financial institutions are challenged with reporting on an unprecedented amount of information on their commercial real estate portfolios. In a recent American Banker article, Midland Loan Services' executive, Stacey Berger writes about how technology is critical to implementing commercial real estate debt portfolio and risk management solutions. Learn More.
The Residences at Ellicott Gardens was recently honored with a "2010 Commitment to Excellence Award" by the Maryland Department of Housing and Community Development. The new apartment complex for low income families has been developed on nearly 3.4 acres of beautiful land in Ellicott City, Maryland thanks to a number of financing solutions provided through PNC Real Estate. Learn More.
PNC's ability to provide innovative financing and expertise in harnessing federal resources is enabling Hilltop Development Associates, LLC, to develop a large-scale retail project in Baltimore City to serve as a catalyst for economic development. Learn More.
Diana Reid, executive vice president and head of PNC Real Estate, earned the number 17 spot on the magazine's "25 Women to Watch" list. As US Banker put it: "These 25 women are tackling the industry's challenges head on-and in the process reshaping its future." Learn More.
Steve Griffin joins PNC Real Estate as a senior vice president and regional manager for agency loan production in the Multifamily business. Learn More.
Midland Loan Services, Inc. has been selected to perform key support roles in connection with certain loans or loan guarantees by the U.S. Department of Energy (DOE) under two federal loan programs that promote alternative energy projects and foster energy independence. Learn More.
Midland is the only company in the industry with the highest U.S. ratings from Fitch as a Primary, Master and Special Servicer. Midland has earned these highest ratings from Fitch for 11 consecutive years. Learn More
PNC Real Estate executive Todd Crow lends his expertise to a 'National Real Estate Investor' article focused on the recent surge in demand for low-income housing tax credits being driven by banks and insurance companies. In the article, Crow comments on the impact that rising tax credit prices are having on investor demand and supply. Learn more and access the full article here.
This summer, Fannie Mae recognized PNC at its annual Delegated Underwriting Servicing lending partner (DUSŪ) conference as the top DUS lender for 2009. Along with other top originators, PNC continues to contribute to liquidity and stability in the market during challenging times. Read More
Commercial Real Estate Finance Council recognizes Berger with prestigious Founders Award for his role in creating standards and benchmarks for third-party loan administration. Read More
PNC Real Estate ranks in the top 5 in the council's Top 50 Apartment Owners Rankings. Read More
The prestigious Charles L. Edson Tax Credit Excellence Award recognizes PNC's financing of the Louisville Scholar House for single parents pursuing advanced degrees. Read More