The Los Angeles commercial real estate market is as diverse as its population, with a multi-layered and complex landscape driven by myriad economic factors. Sure studies and forecasts abound, but nothing beats decades of first hand experience combined with relevant…
U.S. defeasance activity hit a post-crash high of $20.9 billion last year, driven largely by refinancings that allowed borrowers to pocket cash or improve their properties. The volume of defeased loans in 2014 was up by $7.7 billion, or 58%…
U.S. stocks were little changed Wednesday as traders watched the second day of testimony from Federal Reserve Chairwoman Janet Yellen . “People are hanging onto every word Janet Yellen speaks,” said R.J. Grant, associate director of equity trading at KBW,…
The commercial real estate lending landscape is a moving target, effected by market developments, current events, and boardroom decisions. Different lenders have different goals, as well as disparate reactions to economic news, which can have a major effect on a…
Early refinancing is a trend in CMBS 2.0, says Fitch Ratings, which expects the trend to continue as interest rates remain low and property fundamentals improve. Accordingly, borrowers increasingly have turned to defeasance and prepayments on the post-2008 generation of…
The Mortgage Bankers Association of America recently held its annual commercial real estate conference in San Diego, CA. This is the industry’s biggest event, with every major player in attendance to strike deals and compile crucial market intel. After myriad…
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