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By Bob Dougherty, Buchanan Street Partners:
A tidal wave approaches in the form of an estimated $1.2 trillion of United States commercial mortgages that are scheduled to mature between 2011 and 2014. Surviving this tsunami of debt is a test that many feel will threaten any budding real estate recovery and may send property values tumbling again, proving the current respite to be not an oasis but a mirage. This is the bogeyman that haunts industry watchers and participants alike.

By Howard Roth, Ernst & Young:
The proposed new accounting for leases model is a fundamental change to lease accounting that requires all parties to lease contracts to change the way they think about leases.

By Richard Parent, Gumbiner & Savett Inc.:
On Aug. 17, 2010, the Financial Accounting Standards Board published jointly with the International Accounting Standards Board a proposal for public comment that is expected to make significant changes to the financial reporting for lease contracts. The board is requesting feedback on the proposed standard by Dec. 15, 2010, and it is anticipated to go into effect sometime in 2012.

Source: SNL Financial

By Jeff Hughes, Stan Johnson Co.:

While the smaller, commodity type deals — the Walgreens and CVS drug stores, the Best Buy stores and similar retail assets — continue to trade quite well as they did during the downturn, we have recently noted a return of the structured transactions of larger office, industrial and medical real estate assets as well.