Is it possible that CRE CDOs are showing stability and inching toward recovery? Yes, according to Fitch Ratings. After nearly three years, the global ratings firm has started to receive more inquiries about new CRE CDOs. B-notes, mezzanine loans, REIT debt, and seasoned multi and single borrower CMBS bonds have contributed to the broad range of..
CONTINUE READINGThe Moody’s/REAL Commercial Property Price Index is now 47% below the peak of October 2007, a 4.2% drop since this February. The sales of distressed properties amounted to almost one third of all March’s transactions, and continue to hurt real estate values and cause the index to drag along the bottom. Overall, the index shows..
CONTINUE READINGPart 1. The Usage Clause In a typical lease negotiation, the parties, the attorneys, and the brokers often focus only on the key financial aspects within the lease document. Watch out! There are subtle and seemingly innocuous clauses that can cost the tenant a pretty penny long after the lease has been signed. Stay..
CONTINUE READINGGovernor Andrew M. Cuomo is backing the Assembly’s plan to place a mandatory 2 percent ceiling on property tax in New York and has made passing a property tax cap his number one priority before the ending of the legislative session on June 20. The cap is geared towards areas like Long Island, Westchester County,..
CONTINUE READINGHenry Cisneros, urban real estate investing expert, former HUD Secretary and four-term mayor of San Antonio, shares his thoughts with GlobeSt.com on changing demographics and its affects on urban investing and development. In a six-question interview, Cisneros discusses America’s new city-friendly economy, advises cities to advance infrastructure plans to promote environmental sustainability, and speculates the suburban-to-urban development..
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