Capital Markets Newsletter

DOJ’s Private Prison Phase-Out a Challenge for Prison REITs

By Reed Valutas, Associate Analyst, Commercial Real Estate Finance, Moody’s Investors Service: The DOJ and DHS plans to stop using privately owned prisons create substantial uncertainty for prison REITs.

Sale-Leaseback Proves Successful Net Lease Strategy

By Max Freedman, Managing Director, Sands Investment Group: The benefits of the sale-leaseback model today.

SL Green Lands $1.5B Financing for One Vanderbilt

Upon completion in 2020, the $3.1 billion Manhattan office tower will become the city’s second-tallest building.

Incumbency Bodes Well for the Real Estate Market

Experts from Mannatt, Phelps & Phillips weigh in on the upcoming election’s effect on the commercial real estate market.

HFF Arranges $210M Financing for National Retail Portfolio

The two loans are part of Westwood Financial’s $1.2 billion reorganization plan.

Development Expenditures as a % of Capital Value

(based on all property sectors and calculated in local currency)

TIAA Unit Closes $1.2B Super-Regional Mall Fund

The equity commitments will allow the fund to assemble a portfolio of approximately $2.5 billion.

Jay Maddox

Restructuring CMBS Loans, Part 2

By Jay Maddox, Principal, Avison Young: CMBS loan modifications, while difficult, can be accomplished—provided that the borrower understands the practical realities of dealing with special servicers.

Bridging the Office Market’s Buyer-Seller Gap

By Michael Dewey, Senior Vice President of Investments, PMRG: A growing number of investors with office buildings on the market are becoming uneasy this summer.