The Positive Effect of 2003
By Larry Kay In 2013, about 65 percent of the year’s maturities will be from the 2003 vintage year. We expect that the 2003 vintage-year maturities will benefit from loan amortization, property appreciation and the positive spread on 10-year Treasury rates, which averaged about 4 percent in 2003. As a result, the 2003-vintage maturities will have a much more dramatic effect on this year’s maturity and delinquency performance. With our expectation that 2013 should be a good year for loan maturity payoffs, it should also be positive for CMBS delinquencies, including the underlying property-type delinquency rates and amounts. Fundamentals in…
Summer Solutions
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
Durable Designs
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
2013 Leading Real Estate Law Firms
Our 2013 look at the leading real estate law practices found that firms are realigning practices to deal with current shifts in the real estate cycle.
Still in Office
By Agha Nawazish Ali Khan Since REITs are required to distribute 90 percent of their taxable income to shareholders to maintain their status, it becomes quite challenging for them to build capital reserves. Hence, capital markets serve as an important source to generate additional funding for acquisitions and ongoing operations. Year-to-date through July 1, office REITs led the sector with $3.37 billion raised through common equity offerings. Three office REITs—BioMed Realty Trust, CommonWealth REIT and Alexandria Real Estate Equities—each raised more than $500 million through their respective offerings, with BioMed Realty Trust leading the way at $668.6 million. The company…
Tightening the Gap
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
Doing Business
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
You must be logged in to post a comment.