Jay Maddox
The Toy Story That Ended in Chapter 11
In the world of retailer Chapter 11 bankruptcy filings, Toys “R” Us’ massive failure is a bit of an anomaly, observes Avison Young Principal Jay Maddox.
2018 to Be Another Good Year for Borrowers
Avison Young Principal Jay Maddox identifies the major trends and changes set to impact the commercial real estate lending environment this year.
CRE Dodges a Tax Bullet
Many of the benefits the commercial real estate industry enjoys were preserved in the recently enacted Tax Cuts and Jobs Act, but market participants are still distilling the impact of the changes, notes Avison Young Principal Jay Maddox.
Cap Rates Versus Interest Rates: When Will the Other Shoe Drop?
Market cap rates tend to increase during periods of rising interest rates, but Avison Young Principal Jay Maddox explains why this may not be the case for commercial real estate anytime soon.
New Rules May Spell Big Changes for Banks, Borrowers
The implications of U.S. bank regulators’ newly proposed rules for risk classification of acquisition, development and construction (ADC) loans, according to Avison Young Principal Jay Maddox.
The Last-Dollar Mindset
Private equity funds have a tremendous amount of liquidity, but they are becoming increasingly selective in the types of projects they finance as the cycle appears to be peaking, notes Avison Young Principal Jay Maddox.
Economic Costs of Twin Disasters
The two storms will rank among the costliest in U.S. history, and that goes for the real estate industry, too, notes Avison Young Principal Jay Maddox.
High Volatility CRE, Revisited
Avison Young Principal Jay Maddox discusses how the implementation of HVCRE rules has negatively impacted borrowers and created uncertainty for lenders, as well as the current efforts to soften the regulation.
The Flattening Yield Curve
Industry participants can expect further softness in land values and increased difficulty in obtaining construction loans, as short-term interest rate increases are expected to continue, argues Avison Young Principal Jay Maddox.
All About Equity Waterfalls, Part 2
Profit distribution waterfalls and joint venture structures are common investments in commercial real estate, but they are also complex and require trade-offs for both investors and developer/sponsors, notes Avison Young Principal Jay Maddox. Part 2 of 2.