Industrial warehouse real estate is one of the hottest sectors in commercial real estate this year, with e-commerce boosting demand. Many markets are reporting industrial building space is being gobbled up quickly, with Amazon leading the way. In New Jersey, 9.4 million square feet of industrial … [Read more...] about 6.9.17: Industrial Warehouse Buildings Are Hot!
Archives for 2017
6.5.17: Redevelopment Strategies for Former Department Stores
With reports of department store closings now routine, particularly in mall locations, mall owners are actively redeveloping these spaces for alternative uses in strong markets. CBL & Associates recently redeveloped a vacant Sears store at Fayette Mall in Lexington, Kentucky, into a total of 20 … [Read more...] about 6.5.17: Redevelopment Strategies for Former Department Stores
6.1.17: Hotels Seek Chain Restaurant Owners/Operators as Partners
Most franchised select service and full-service hotels require on-site restaurants to comply with franchise requirements. However, most hotel owner/operators consider running a hotel restaurant a necessary evil, and most hotel restaurants do not make money. In addition, hotel guests do not care to … [Read more...] about 6.1.17: Hotels Seek Chain Restaurant Owners/Operators as Partners
5.27.17: Furnished Apartment Deals Are Okay in CMBS
We recently received a request to finance a 100-unit multifamily property located 12 miles outside a major southeastern city on a heavily traveled interstate. The immediate area is heavily populated with large commercial and industrial facilities, and the area is well known to have a growing … [Read more...] about 5.27.17: Furnished Apartment Deals Are Okay in CMBS
5.23.17: Report from ICSC RECon Conference
Dennis Suh and Stan Siciliano represented ValueXpress at the International Council of Shopping Centers (ICSC) RECon convention at the Las Vegas Convention Center in Las Vegas, Nevada May 20-23. Much of the discussion at the convention centered on the fate of malls in America. Class B and C malls in … [Read more...] about 5.23.17: Report from ICSC RECon Conference
5.19.17: CMBS Industry Working on Improving Loan Servicing
Borrower complaints regarding CMBS loan servicing are resulting in action by industry participants to improve the loan servicing experience. Industry leaders are recognizing that poor servicing experiences are driving borrowers to other loan products, depressing already relatively low CMBS loan … [Read more...] about 5.19.17: CMBS Industry Working on Improving Loan Servicing
5.12.17: Meet ValueXpress at ICSC’s RECon in Las Vegas!
On May 21-24, 2017, Dennis Suh and Stan Siciliano will be representing ValueXpress at the International Council of Shopping Centers (ICSC) RECon convention at the Las Vegas Convention Center in Las Vegas, Nevada. RECon is the world’s largest retail real estate convention with more than 37,000 … [Read more...] about 5.12.17: Meet ValueXpress at ICSC’s RECon in Las Vegas!
5.9.17: CMBS Conduit Loan Volume Increasing
More borrowers are securing CMBS conduit loans as we progress in 2017, as evidenced by trends in the issuance of CMBS conduit securities. CMBS conduit issuance of $15.2 billion in the first quarter of 2017 fell short of the $19.2 billion for the same period in 2016. However, volume has picked up, … [Read more...] about 5.9.17: CMBS Conduit Loan Volume Increasing
5.3.17: A Lesson on Why Non-Recourse Is Important
One of the primary benefits of CMBS conduit loans is that they are non-recourse. As such, the borrower and guarantor (typically an individual who owns or controls the majority of the borrowing entity) are not personally liable for repayment of the loan in the event of default and foreclosure. The … [Read more...] about 5.3.17: A Lesson on Why Non-Recourse Is Important
4.28.17: Raising Real Estate Capital in the Digital Age
In the past, raising outside equity for small- and mid-sized real estate operators to purchase commercial real estate was dominated by investment advisors who would pitch deals to their clients. The minimum investment amounts were fairly low, in the $25,000-$100,000 area, and investment advisors … [Read more...] about 4.28.17: Raising Real Estate Capital in the Digital Age