Scion of legendary real estate billionaire family explains the slow-motion car crash happening in commercial real estate finance. [youtube=http://www.youtube.com/watch?v=RVYK2_NBI9E] Harrison LeFrak’s summary: * There’s $3.5 Trillion of Commercial real estate debt * $1.7 Trillion on books of community, regional & Read More
Tag: CMBS
About $12B In TALF Eligible Deals Emerge Ahead Of Deadline
From the Wall Street Journal By Anusha Shrivastava Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–About $12 billion in consumer loan-backed deals have emerged ahead of a loan-application deadline for cheap funding under a Federal Reserve program. Issuers include Ford Read More
Capital Markets Showing Some Signs of Life
Aug 25, 2009 By: Tonie Auer, Contributing Correspondent Commercial Property Executive Strong interest in public markets and the slow but steady return of securitization provide some indicators that relief in the commercial real estate market may be on the way, Read More
TALF Update: Fed Gets $2.3 Billion of Commercial Mortgage Requests
By Jody Shenn on Bloomberg.com Aug. 20 (Bloomberg) — Investors asked the Federal Reserve for $2.3 billion of loans against commercial-mortgage-backed securities created before this year, an expansion from $668.9 million in its financing program’s first round a month earlier. Read More
Commercial Real Estate Lessons from Charles Darwin
By David Repka I attended an Urban Land Institute (ULI) conference a few weeks back. During the coffee and continental breakfast I overheard someone being asked, “How’s business?”. Their reply, “I’m surviving… but survival is the new good”, got me Read More
Distressed commercial real estate totals $97.4B
National distressed commercial real estate totaled $97.4 billion in early June, including foreclosures, lender-owned properties, and foreclosures, according to a new report from Delta Associates. Distressed commercial real estate volume has doubled every three months since December 2008 with retail Read More
Fed Gets No Requests for TALF Loans to Purchase CMBS
By Scott Lanman June 16 (Bloomberg) — The Federal Reserve received no requests from investors for loans to buy new commercial mortgage-backed securities under an emergency program aimed at reducing borrowing costs and reviving U.S. economic growth. The New York Read More
Reality Therapy (for commercial real estate)
Reality: The state of the world as it really is rather than as you might want it to be by Joseph Forman, CEO of Bond Street Capital in News & Views The commercial real estate business is in uncharted territory. Read More
TALF Requests Reach $11.5 Billion as CMBS Issues Become Eligible
New CMBS Issues Will Become Eligible for Government Aid at Mid-Month, But Some Fear S&P Action Could Blunt TALF’s Ability to Restore Liquidity By Randyl Drummer in CoStar June 3, 2009 With commercial mortgage securities poised to become eligible for Read More
Is a commercial real estate bust inevitable?
The government hopes to restore lending via cheap financing. Skeptics say programs aimed at restarting the market haven’t worked yet. By Colin Barr, senior writer May 28, 2009: 3:48 AM ET NEW YORK (Fortune) — Bailout watchdogs have something new Read More