The “youth hostel” concept is evolving and expanding in the United States. Just don’t call it a hostel. The new trend is called “shared accommodations,” and it is the latest trend in hospitality, with upscale amenities and private bathrooms, that targets millennials looking for value in chic … [Read more...] about 2.9.20: DON’T CALL THIS A HOSTEL!
2.7.20: PIER 1 IMPORTS LATEST RETAILER TO FILE FOR BANKRUPTCY
Pier 1 Imports declared bankruptcy on Monday in a move aimed at facilitating a sale of the struggling home furnishings company. The publicly listed retailer is in talks with multiple potential buyers, the company said in a statement that did not disclose possible buyers. It also reiterated a … [Read more...] about 2.7.20: PIER 1 IMPORTS LATEST RETAILER TO FILE FOR BANKRUPTCY
2.3.20: INTEREST RATES TUMBLE TO UNDER 4% FOR CMBS CONDUIT LOANS ON CORONAVIRUS OUTBREAK
Interest rates for CMBS conduit loans have fallen to historic lows as the death toll from China’s coronavirus outbreak continues to rise, rattling investors worried about the financial impact on the world’s second-largest economy. In the United States, equity prices have gyrated, while Treasury … [Read more...] about 2.3.20: INTEREST RATES TUMBLE TO UNDER 4% FOR CMBS CONDUIT LOANS ON CORONAVIRUS OUTBREAK
1.28.20: CMBS PROS PREDICT 5% GROWTH IN CMBS ISSUANCE IN 2020
With 2019 CMBS issuance of $97.8 billion surpassing estimates by a wide margin, CMBS pros are projecting 2020 will surpass $100 billion, making 2020 the busiest year since the financial crisis. With interest rates projected to remain near rock bottom for the foreseeable future, it’s widely believed … [Read more...] about 1.28.20: CMBS PROS PREDICT 5% GROWTH IN CMBS ISSUANCE IN 2020
1.13.20: HOW TO EXPORT FINANCIAL STATEMENTS FROM QUICKBOOKS INTO EXCEL
ValueXpress requires income and expense statements in Excel to quickly and efficiently underwrite income-producing commercial loans. We import Excel reports directly into our loan analysis software (known as loan “sizing”), which tells us -- in 5 minutes -- the amount of loan that can be provided! … [Read more...] about 1.13.20: HOW TO EXPORT FINANCIAL STATEMENTS FROM QUICKBOOKS INTO EXCEL
1.8.20: DIGITAL SIGNAGE A WIN-WIN FOR RETAIL LANDLORDS
Electronic Message Centers (EMCs) is the latest advertising tool for landlords to expose tenants to customers. Simply known as digital signage, landlords are replacing static pylon signs in many markets with EMCs. In addition, an EMC can be an income producer for landlords who charge a modest … [Read more...] about 1.8.20: DIGITAL SIGNAGE A WIN-WIN FOR RETAIL LANDLORDS
1.3.20: MACY’S “Growth50” STORE UPGRADES FAVOR CLASS A MALLS
A few years ago, Macy's announced an investment in 50 key stores across the United States called "Growth50." The program envisioned a $200-million commitment to upgrade 50 key U.S. stores in order to create a more vibrant customer shopping experience. Among other things, the Growth50 stores … [Read more...] about 1.3.20: MACY’S “Growth50” STORE UPGRADES FAVOR CLASS A MALLS
1.22.20: SIMON PROPERTY AND BROOKFIELD TEAM UP ON BID TO BUY FOREVER 21
Simon Property, Brookfield and brand licensing specialist Authentic Brands have teamed up on a stalking horse bid of $81 million for bankrupt Forever 21. The bid would serve as a baseline for an auction for Forever 21 and includes a breakup fee of $4.7 million and expense reimbursement of $1 million … [Read more...] about 1.22.20: SIMON PROPERTY AND BROOKFIELD TEAM UP ON BID TO BUY FOREVER 21
12.30.19: CMBS LOANS WORK FOR VALUE-ADD PROJECTS
Many commercial real estate owners have become very wealthy from purchasing underperforming income-producing real estate assets and completing a “value-add” program to increase the value of the property. Once the value-add is completed, the owner sells or refinances the property for much more than … [Read more...] about 12.30.19: CMBS LOANS WORK FOR VALUE-ADD PROJECTS
12.19.19: MACK-CALI DIVESTING SUBURBAN OFFICE HOLDINGS
On December 19, 2019, Mack-Cali Realty Corporation (NYSE: CLI) announced that it will be divesting all of its suburban office holdings -- spanning 6.6 million square feet -- in 2020, as recommended by its shareholder committee. The company has already approved the sale of two of its N.J. office … [Read more...] about 12.19.19: MACK-CALI DIVESTING SUBURBAN OFFICE HOLDINGS
