Market Update Blog

U.S. commercial MBS issuance surged in the third quarter, putting the sector on track to exceed last year’s total, although activity is still likely to fall shy of the $100 billion mark. Some $28 billion of CMBS priced in the…

The 10-year Treasury is currently at 2.41, close to the lowest of the year. According to a recent Bloomberg article by Cordell Eddings, “Treasury investors were the least bearish in four months”. As a safe haven investment for the international…

We attended the recent 17th Annual CMBA Western States Conference in Las Vegas, known as the seminal annual gathering for the commercial real estate industry. Bankers, brokers and lenders of all types meet to make deals, tell bad jokes, and…

The market seems to have found the perfect balance between analyzing risk and making attractive finance offers on STNL credit/non-credit retail assets. CMBS has by far been the most creative capital outlet, offering terms like 10 year I/O and ARD…

Commercial MBS spreads are trending back in after blowing out last month. As issuers shopped two conduit deals this week, the initial indications were that the spreads on the benchmark classes could be 4-6 bp tighter than the 90 bp…

All businesses must be mindful of cash flow, but the real estate community is particularly susceptible to fluctuations in the ebb and flow of income. In fact, poor cash flow management tops the list of failed real estate development enterprises,…