Sibley Fleming

Articles by Sibley Fleming
Fitch: Distressed CMBS Hotel Loan Maturities to Peak by 2012
Although hotel property values have dropped as much as 50% from their peak in 2007, ratings agency Fitch forecasts that over the next 12 to 18 months there will be an increase in distressed asset sales, leading up to the largest concentration of CMBS hotel maturities in 2011 and 2012.
Bank Default Rates on CRE Loans Projected to Hit 4% in Fourth Quarter
Deterioration in property cash flow, erosion of reserves to cover shortfalls in debt service and little credit to refinance maturing mortgages all contributed to a higher default rate on commercial real estate mortgages held by depository institutions in the third quarter. That’s according to New York-based Real Estate Econometrics, which analyzed data recently published by the Federal Deposit Insurance Corp. (FDIC).
NY Appeals Court Clears the Way for $4 Billion Atlantic Yards Project
The New York Court of Appeals, in a 6-1 decision, has ruled that the state can seize from private owners the remaining land needed for developer Bruce Ratner’s massive mixed-use project, Atlantic Yards in Prospect Heights, Brooklyn.
Despite Slower Deal Volume, Commercial Banks Continue to Lend, Reis Reports
While sagging credit conditions were initially responsible for the weakened commercial real estate capital markets, today poor and declining fundamentals are adding to the problem, according to Reis economist Ryan Severino.
U.S. Life Insurers Can Endure CMBS Delinquencies, Fitch Reports
Although delinquency rates for property types underwritten by commercial mortgage-backed securities rose to 3.96% at the end of October, the life insurance sector should be able to manage its near-term exposure to losses related to commercial real estate, Fitch Ratings reports.
Fewer Americans See Hard Evidence of Global Warming
American’s belief in global warming and its human causes has begun is waning. That’s the conclusion of the latest national survey by the Pew Research Center for the People & the Press, which revealed that just 57% of respondents today say there is solid evidence of rising global temperatures compared with 71% who held that same belief in April 2008.
Cold Storage Facility Generates 73% of Its Energy Needs
Hamann Construction, an El Cajon, Calif.-based general contractor, recently achieved LEED Gold certification from the U.S. Green Building Council on a 134,946 sq. ft. build-to-suit cold storage facility occupied by Innovative Cold Storage Enterprises Inc. (ICE).
Doubling Down on Green
The past two years have been brutal for U.S. businesses and their employees. That reality has trickled down to commercial real estate owners and landlords who have been grappling with how to pay debt service on properties with rising vacancies and falling rents.
Green Building Jobs Projected to Skyrocket
Green building will support 7.9 million jobs and contribute $554 billion to the U.S. gross domestic product over the next four years.
Market Volatility Triggers Spike in Liability Insurance for REITs
In the wake of a global financial meltdown and the controversy over who is to blame, liability insurance premiums for corporate directors and officers (D&O) has skyrocketed.
In 2010, Will Investors Who Hesitate Be Lost?
While German and Chinese investors are already buying assets at discounted prices, many domestic investors are hoping to time the market to pick up even
Aviation Park Envisioned Near Atlanta
On the 15th floor of his office building overlooking Atlantic Station, Jim Jacoby sits in the conference room, the sleeves of his plaid shirt rolled up
Brownfield Developer Jim Jacoby Is Aglow Over Alternative Energy Business
On the 15th floor of his office building overlooking Atlantic Station, Jim Jacoby sits in the conference room, the sleeves of his plaid shirt rolled up almost to his elbows. Site plans, charts and renderings fill the perimeter of the room.
Q&A with Lisa Dongoske, executive vice president, NorthMarq
After serving 12 years with Minneapolis-based mortgage banking firm NorthMarq, Lisa Dongoske has been promoted to executive vice president of the firm’s property management group.
Private Equity Real Estate Fundraising Lowest Since 2003
A total of 17 private equity real estate funds worldwide raised $4.9 billion in third quarter 2009, the lowest fundraising total for a quarter since the third quarter of 2003, when 17 funds raised $3.2 billion, reports London-based research firm Preqin.
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