How One Major Bank Plans to Grow its Real Estate Lending Market Share as...
TD Bank’s newly appointed head of U.S. commercial real estate Hugh Allen notes the old adage: “You make your best loans in difficult times.”
View ArticleNew Generation of Capital Providers Is Helping Syndicators Weather Today’s Storm
Among the hardest hit real estate market participants are syndicators of over-leveraged investments with debt at floating rates.
View ArticleWhat Are the Options for Real Estate Owners Facing Loan Defaults
Owners facing challenges today have several restructuring options, but it's critical to get guidance.
View ArticleDo the Sales of Two Big Real Estate Loan Portfolios Signal a Thawing Market?
Opportunistic investors have snapped up loan portfolios in some of the first moves attempting to capitalize on distressed real estate.
View ArticleHow Lenders are Dealing with Distressed Commercial Real Estate So Far
As the amount of troubled loans mounts, real estate lenders are revisiting strategies from the Great Recession to avoid taking back the keys on some assets.
View ArticleIn the Current Environment, Property Owners Should Address Any Capital Needs...
We strongly encourage property owners and operators to proactively engage in capital market discussions well in advance of imminent capital needs.
View ArticleReal Estate Debt Funds Aim to Be Players on Opportunistic, Distressed Strategies
The path is paved for real estate debt funds to get into the mix with more opportunistic plays, including in the office sector.
View ArticleInstitutional Investors Still Like Real Estate, But Are Waiting for Better...
Some of the bigger players are still making deals. But the majority are waiting for market dislocation to work itself out so they can take advantage of the resulting bargains.
View ArticleDespite Panicked Headlines, Banks Continue to Finance Commercial Real Estate...
Lending terms might have tightened, and deals are being scrutinized more closely, but the capital is there.
View ArticleWeWork Venture Defaults on Loan for San Francisco Office Tower
The $240 million loan was for a building at 600 California St. that is owned by funds managed by a venture formed by WeWork and Rhone in 2019 to buy and oversee real estate. The property, which...
View ArticleBlackRock to Sell $114 Billion of Failed Banks’ Securities
The firm will conduct sales of $27 billion in securities from Signature and $87 billion from SVB Financial Group’s Silicon Valley Bank, the Federal Deposit Insurance Corp. said in a statement...
View ArticleAre Signature Bank’s Real Estate Loans Too “Toxic” to Attract Buyers?
During the three-year period spanning 2020 to 2022, Signature Bank issued $13.4 billion in loans on New York City buildings, according to property research company PincusCo. No other bank issued more...
View ArticleAre Offices Truly Worth as Little as REITs Imply?
How bad can it get? Private and public markets disagree to a jarring extent, and the truth is probably somewhere in the middle.
View ArticleECB Warns of Risks Posed By €1 Trillion Real Estate Funds
The net asset value of the real estate investment funds more than tripled to more than €1 trillion ($1.1 trillion) in the past 10 years, boosting their interdependence with property markets, the ECB...
View ArticleHow Much Strain Is the Commercial Real Estate Market Showing? It's a...
MSCI’s Jim Costello and Alexis Maltin warn that while a failure on the scale of the Great Financial Crisis is unlikely, there are signs that trouble may be brewing for real estate investors with...
View ArticleGlobal Creditors Face Long Fight with China Developers for Cash
A plan unveiled last week by China Evergrande Group has raised concerns that investors may have to wait for years to get their money back. Under one of the options, the biggest Chinese builder to...
View Article11 Takeaways from MSCI Real Assets’ February 2023 U.S. Capital Trends Report
Recent MSCI data shows trouble brewing in the capital markets even before this month’s bank failures.
View ArticleBanking’s Next Threat? It Might Be Commercial Real Estate
If the saga at Silicon Valley Bank hastens the arrival of the next recession, expect to see many more properties go into default sooner rather than later. This is bad news for lenders because they have...
View ArticleInvestors Pile Into European Property Debt as Banks Bail on Landlords
Banks are being compelled to pull back from real estate lending in the face of falling values and the imminent introduction of new Basel III rules that introduce a minimum capital floor.
View ArticleInvestors Bide Their Time Waiting for Distressed Apartment Deals
Some highly-leveraged investors who bought at the market peak are running out of time and may be forced to sell.
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