Last week, the Wells, Morgan Stanley and Bank of America team did it again. The group issued its second CMBS offering that followed the compliant risk-retention structure at spreads that blew away the market. The AAA-rated investment grade portion of the deal attracted particularly strong demand … [Read more...] about 11.11.16: Recent CMBS Deals Show Signs of Price Tiering
Archives for 2016
11.8.16: Yeager Properties Opens Next Generation Office Suite Project
Yeager Properties had its grand opening of the next generation of its office suites concept building on October 20. The property, Yeager Office Suites of Plano, is located at 8105 Rasor Boulevard, Plano, Texas. ValueXpress arranged the financing for the existing Yeager office suite portfolio and … [Read more...] about 11.8.16: Yeager Properties Opens Next Generation Office Suite Project
11.2.16: Brookfield and Macy’s Form Partnership to Extract Real Estate Value
Macy’s and Brookfield Asset Management have formed a strategic alliance to extract value in Macy’s real estate assets. Under the alliance, Brookfield will have an exclusive right for up to 24 months to create a “pre-development plan” for each of approximately 50 Macy’s real estate assets, with … [Read more...] about 11.2.16: Brookfield and Macy’s Form Partnership to Extract Real Estate Value
10.28.16: Make Sure Your CMBS Term Sheet Is “Credit Approved” Before Signing
The credit box for CMBS conduit loans has gradually tightened during 2016, resulting in complaints from borrowers of last-minute reductions in loan proceeds before closing, mainly on cash-out refinances. Loan adjustments can often be traced to insufficient due diligence completed by the CMBS conduit … [Read more...] about 10.28.16: Make Sure Your CMBS Term Sheet Is “Credit Approved” Before Signing
10.24.16: Simon and GGP Rescue Aeropostale; Is This the Future of Retailing?
A consortium led by developers Simon Property Group (SPG) and General Growth Properties (GGP) won an auction for the assets of Aeropostale in September. The group plans to keep open 299 of the bankrupt retailer’s stores. Aeropostale was facing liquidation if the SPG/GGP team did not step in with a … [Read more...] about 10.24.16: Simon and GGP Rescue Aeropostale; Is This the Future of Retailing?
10.19.16: Best Western Announces New Brand – SureStay Hotel Group
Best Western has announced the formation of SureStay Hotel Group, a new economy and lower mid-level brand rolled out at the Lodging Conference held at the end of September at the Arizona Biltmore Resort and Spa. The brand is designed to complement the Best Western flagship brands – Best Western, … [Read more...] about 10.19.16: Best Western Announces New Brand – SureStay Hotel Group
10.14.16: NACLB Convention an Enormous Success for ValueXpress; Attendance More Than Doubles
ValueXpress experienced overwhelming mortgage broker traffic at networking events and at its booth during the 2nd Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo that was recently held at the Red Rock Casino in Las Vegas. ValueXpress participated as a Platinum … [Read more...] about 10.14.16: NACLB Convention an Enormous Success for ValueXpress; Attendance More Than Doubles
10.6.16: ValueXpress Honored with “2016 Broker Program of the Year” Award at NACLB Convention & Expo
ValueXpress was presented the “2016 Broker Program of the Year” award for CMBS conduit loans at the 2nd Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo. The award recognizes the firm that provides a high level of broker service in origination, processing and closing … [Read more...] about 10.6.16: ValueXpress Honored with “2016 Broker Program of the Year” Award at NACLB Convention & Expo
10.5.16: Michael D. Sneden Reports on CMBS Market During Opening General Session at NACLB Convention & Expo
Bob Coleman, Editor of the Coleman Report, recorded the comments of Michael D. Sneden from the 2nd Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo opening general session on the State of Lending as it relates to CMBS conduit loans. Coleman said, “Today (October 5) … [Read more...] about 10.5.16: Michael D. Sneden Reports on CMBS Market During Opening General Session at NACLB Convention & Expo
9.30.16: Dennis Suh: Report from the SSA Trade Show
Dennis Suh, Vice President of Originations at ValueXpress, recently represented ValueXpress at the Self-Storage Association’s (SSA) 2016 Fall Conference & Trade Show in Las Vegas, Nevada. “The SSA trade show was a huge success, with over 2,000 self-storage professionals in attendance,” commented … [Read more...] about 9.30.16: Dennis Suh: Report from the SSA Trade Show