With the Federal Reserve’s continued indecision regarding the fate of bond-buying programs and the likelihood that interest rates will rise, smart money is going to great lengths to lock in long term rates....More
Just when you thought it was safe to read a news story about Congress, legislators are risking the entire commercial estate finance system by delaying the renewal of the Terrorism Risk Insurance Act of 2002....More
Construction is complete on the adaptive reuse project for the Long Beach Press-Telegram Building. RXR Realty plans to complete a major capital improvement and renovation program at the iconic 75 Rockefeller Plaza. And according to an analysis conducted by the Electric Power Research Institute (EPRI), consumers who purchase an electric vehicle will find that costs to own the vehicle are competitive with conventional and hybrid vehicles....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?