PanAm A defeated Houston A by 21 runs in the 2018 Bhakta Invitational Cricket Tournament held in Dallas, Texas on May 24-27. ValueXpress sponsored PanAm A and was a tournament sponsor. ValueXpress has sponsored PanAm A, which also won the tournament in 2015, for many years. Team PanAm A (note … [Read more...] about 5.27.18: ValueXpress-Sponsored Team Wins Cricket Tournament
5.25.18: Dry Cleaners Can Be an Environmental Concern in CMBS
Over the years, environmental issues requiring mitigation before a CMBS conduit loan can close have declined. However, one issue related to dry cleaners still surfaces from time to time. Properties identified as having a current or former dry cleaner that performs or historically performed “on-site” … [Read more...] about 5.25.18: Dry Cleaners Can Be an Environmental Concern in CMBS
5.21.18: ICSC RECon Takeaway: Malls Will Continue to Shutter and Evolve
Concerns linger regarding the fate of malls in the United States, even as the sentiment among retail real estate professionals remained upbeat at this year’s ICSC RECon, held at the Las Vegas Convention Center in Las Vegas, Nevada. America’s nearly 1,200 malls will likely be reduced to 600, … [Read more...] about 5.21.18: ICSC RECon Takeaway: Malls Will Continue to Shutter and Evolve
5.14.18: Role of Insurance Companies in Commercial Real Estate Financing
Sam Davis, a partner at Camden Consulting Group, recently wrote about the role of insurance companies in commercial real estate finance for the Mortgage Bankers of America. Here is what Davis has to say: Through decades of experience, including many market cycles, insurers have developed loan … [Read more...] about 5.14.18: Role of Insurance Companies in Commercial Real Estate Financing
4.27.18: CMBS Remains Best Solution for Retail Loans
Struggling retailers have lenders reassessing the risk of retail loans. Over the past two years, poor retail sales have resulted in a slew of store closures and bankruptcies. It seems that not a month goes by without more bad news, most recently the closing of the Bon-Ton department store chain, … [Read more...] about 4.27.18: CMBS Remains Best Solution for Retail Loans
4.24.18: Kroll to Track CMBS “Loans of Concern”
Kroll Bond Rating Agency (KBRA) has created a monthly index to track CMBS loans that it believes are at risk of default. The index tracks not only loans that are already delinquent or in default, but more important, loans that face a high risk of default in the future. These loans, known as … [Read more...] about 4.24.18: Kroll to Track CMBS “Loans of Concern”
4.18.18: Westside Pavilion in Los Angeles to Be Repositioned
U.S. mall owner Macerich and office developer Hudson Pacific Properties are redeveloping the Westside Pavilion mall in Los Angeles into a campus featuring 500,000 square feet of office space, according to the firms. Approximately 100,000 square feet of the 600,000-square-foot property will be … [Read more...] about 4.18.18: Westside Pavilion in Los Angeles to Be Repositioned
4.13.18: How Interest-Only Can Solve DSCR Constraints on a CMBS Loan
Cap rates for income-producing properties have fallen to 5% or below in many primary markets, including New York, Los Angeles and San Francisco. As a result, borrowers seeking 75% Loan-to-Value (LTV) loans are finding that loan proceeds are constrained below 75% because the property cash flow does … [Read more...] about 4.13.18: How Interest-Only Can Solve DSCR Constraints on a CMBS Loan
4.11.18: A Quick Test to Determine Hotel Eligibility for a CMBS Conduit Loan
Often a borrower wants a quick answer on whether a hotel is eligible for a CMBS conduit loan without providing much information. A way to make a quick assessment is to look at TripAdvisor reviews. But before that, the first step in making an assessment is to “google” the address and look at the … [Read more...] about 4.11.18: A Quick Test to Determine Hotel Eligibility for a CMBS Conduit Loan
4.7.18: Washington Prime Group and Namdar Realty Look to Save Bon-Ton from Liquidation
U.S. mall owners Washington Prime Group and Namdar Realty Group will bid together to save department store chain Bon-Ton from liquidation, according to court documents filed Monday. It was reported that the two landlords would attempt to acquire the embattled retailer out of bankruptcy. Bon-Ton, … [Read more...] about 4.7.18: Washington Prime Group and Namdar Realty Look to Save Bon-Ton from Liquidation
