Most of the stable legacy loans securitized circa 2007 have already been refinanced or defeased early, whereas much of what is left are the “dregs,” or loans that have very high leverage or vacancy and values....More
A Fannie-Freddie fix, promised since they were seized by regulators in 2008 and sustained with $187.5 billion in Treasury funds, has taken on increased urgency as the companies face the threat of needing more aid....More
Tranio.com, which tracks overseas property investment, recently came out with a report on the growing role Russian investors are playing in the global commercial real estate market. Here are some takeaways.
China’s wealthy, using not-always-legal means to skirt capital controls to get their money out and at the same time gain residency in the U.S., are continuing to dwarf all others as the largest participants in the EB-5 program....More
The GOP measure would force companies to include the interest they pay on loans in their taxable income, ending a century-old deduction that’s vital to industries including utilities and real estate....More
Leading cities have become so expensive in large part because two of these clustering sectors -- finance and information technology -- have been ascendant. There is no particular reason to expect those trends to continue forever....More
In an era where cost reduction is even more critical to the health of a retailer’s balance sheet, the industry can expect to see more cases of retailers and state governments challenging each other on the issue....More