I’m a (typical?) guy who hates to shop, which is why my wife is both amazed and puzzled by my newfound shopping sprees. No, I’m not talking about buying the latest fashion like “I gotta have that new Michael Kors jacket at Macy’s,” but something different. Every day I come home from work to newly … [Read more...] about 2.18.14: More Thoughts on the Future of Retail
Archives for 2014
2.13.14: Wells Research Supports Weaker Underwriting Metrics in CMBS Loans
Jim Brett, head of CMBS analytics at ValueXpress, was recently lamenting, “Mike, I feel like the CMBS deals are more aggressive than last year. The underwriting and asset quality just doesn’t feel as good, except for a deal here and there. If I looked at the trailing credit metrics, I wonder what I … [Read more...] about 2.13.14: Wells Research Supports Weaker Underwriting Metrics in CMBS Loans
2.7.14: Report from the 2014 MBA CREF Convention
Participants at the 2014 MBA Commercial Real Estate Finance Convention (CREF) held in Orlando, Florida, agreed the CMBS conduit loan machine is cranking full tilt: Should rates remain at close to current levels, this year's CREF panelists suggested volume of $100 billion in CMBS originations should … [Read more...] about 2.7.14: Report from the 2014 MBA CREF Convention
2.5.14: Ladder Capital Goes Public – Cantor Commercial Real Estate Next?
Ladder Capital Corp announced the pricing of its initial public offering (IPO) of 13,250,000 shares of its Class A common stock at a price to the public of $17.00 per share on Wednesday, February 5. Ladder is a major contributor of loans to CMBS issues with $2.2 billion in loan contributions to CMBS … [Read more...] about 2.5.14: Ladder Capital Goes Public – Cantor Commercial Real Estate Next?
1.29.14: Commercial/Multifamily Mortgage Debt Posts Largest Increase Since 2008
Commercial/multifamily mortgage debt outstanding increased by $25.2 billion in the third quarter, as all four investor groups increased their holdings, according to the Mortgage Bankers Association (MBA). In its MBA Commercial Real Estate/Multifamily Finance Mortgage Debt Outstanding - Q3 report, … [Read more...] about 1.29.14: Commercial/Multifamily Mortgage Debt Posts Largest Increase Since 2008
1.24.14: ValueXpress to Participate in AAHOA’s Inaugural “Deal Connection”
As 1 of only 20 “by invitation” sponsors, ValueXpress has committed be a part of the Asian American Hotel Owners Association (AAHOA) inaugural “Deal Connection.” The event – Turning Silver into Gold – will occur during the 2014 AAHOA Annual Convention, which begins in Philadelphia on Wednesday, … [Read more...] about 1.24.14: ValueXpress to Participate in AAHOA’s Inaugural “Deal Connection”
1.21.14: ValueXpress to Assist in Marketing Program for CCTG
Due to an overwhelming request for marketing support by graduates of the Commercial Capital Training Group (CCTG) program, ValueXpress will develop marketing material for graduates to use when pitching CMBS conduit loans to their clients. In collaboration with Jon Cosentino and Kris Roglieri, … [Read more...] about 1.21.14: ValueXpress to Assist in Marketing Program for CCTG
1.15.14: J.C. Penney to Close 33 Stores
J.C. Penney said it will close 33 underperforming stores and lay off 2,000 employees as the venerable but troubled retailer continues a sweeping turnaround effort. Penney said the closings are part of its turnaround, which began in April when Myron (Mike) Ullman returned to lead the company. He's … [Read more...] about 1.15.14: J.C. Penney to Close 33 Stores
1.10.14: Meet Me at the MBA in Orlando, FL
Michael D. Sneden, Executive Vice President of ValueXpress, will be representing the firm at the Mortgage Bankers Association Commercial Real Estate Finance (CREF)/Multifamily Housing Convention and Expo at the Hyatt Regency in Orlando, Florida February 2-5, 2014. The convention is expected to … [Read more...] about 1.10.14: Meet Me at the MBA in Orlando, FL