{"id":1004065302,"date":"2013-01-28T07:25:33","date_gmt":"2013-01-28T15:25:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004065302"},"modified":"2020-04-24T08:34:50","modified_gmt":"2020-04-24T16:34:50","slug":"as-starwood-moves-into-special-servicing-distress-level-continues-to-fall","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/","title":{"rendered":"Starwood\u2019s Move into Special Servicing Amid Distress Level\u2019s Continued Drop"},"content":{"rendered":"

By Scott Baltic, Contributing Editor<\/em><\/p>\n

\"\"<\/a>

RCA’s Dan Fasulo<\/p><\/div>\n

There were several major motivations for the just-announced $1.05 billion purchase of LNR Property by Starwood Property Trust and Starwood Capital Group. The one that seems to have gotten the most attention, though, was the opportunity the acquisition gives Starwood to move into special servicing. LNR\u2019s U.S. Special Servicer is the nation\u2019s largest such entity, with more than $131 billion in loans under management and REO.<\/p>\n

But it might not be out of place to question whether this is the ideal time to move into special servicing. A recent 2012-in-review report on U.S. capital trends by Real Capital Analytics highlights several trends that, while good news for most, suggest that special servicing has peaked in the current cycle.<\/p>\n

\u201cThe current level of prices, now within 20 percent of peak,\u201d the report states, \u201cis critical given the many loans made at the peak with loan-to-values of 75 percent\u201380 percent. Although refinancing these loans is still problematic, most are now being resolved simply through assets sales.\u201d<\/p>\n

The RCA report goes on to note that new instances of distress fell substantially in the fourth quarter, when they totaled $4.0 billion, the lowest level this cycle. Inflows to distress in all of 2012 totaled $38.8 billion, down from $64 billion the previous year.<\/p>\n

Further, according to Amherst Securities, payoffs of maturing CMBS loans in the fourth quarter spiked to 80 percent. By comparison, that percentage had been as low as the low 30 percent range in the first quarter of 2010 and has hovered around roughly 50 percent from early 2009 to mid-2012.<\/p>\n

Of the $394.0 billion in commercial mortgages becoming troubled over the past cycle, according to RCA, 58 percent has now been resolved, with $164 billion remaining to be worked out.<\/p>\n

In addition, the report states, workouts of troubled loans also slowed in 2012, totaling $58 billion, versus $65.6 billion in 2011. Distressed property sales dropped to 9 percent of all volume in 2012 (and only 5 percent in the fourth quarter), from 13 percent in 2011.<\/p>\n

As the stealth recovery continues to chug forward and CRE markets improve, RCA managing director Dan Fasulo told Commercial Property Executive<\/em>, some troubled properties are likely to be OK. \u201cThat equity gap keeps getting smaller and smaller,\u201d he said, especially in larger markets.<\/p>\n

One thing that raises Fasulo\u2019s eyebrows a bit about the Starwood\/LNR deal is that it wasn\u2019t all that long ago that the current owners bought LNR \u2014 and now they\u2019re selling.<\/p>\n

\u201cAt first glance, there are some obvious synergies in these tie-ups, but it\u2019s going to depend on execution,\u201d Fasulo said. Still, he added, LNR is \u201ca good business by itself.\u201d<\/p>\n

He definitely likes what Starwood\u2019s announcement called the expanded \u201cpipeline opportunities\u201d the acquisition will bring. With access to deal flow so challenging these days, Fasulo said, \u201cIt\u2019s gotten very competitive out there,\u201d so much so that sometimes it feels like 2006\u201307.<\/p>\n

And even any doubts about the importance of the special-servicing side relate to the current<\/em> recovery from the latest<\/em> recession. Given the CRE industry\u2019s history over the past 20 to 30 years, does anyone really doubt that it won\u2019t be too many years before a special-servicing component will be a very handy part of Starwood\u2019s corporate arsenal?<\/p>\n

Like us on facebook:<\/strong>\u00a0https:\/\/www.facebook.com\/pages\/Commercial-Property-Executive\/258033884191<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There were several motivations for the just-announced $1.05 billion purchase of LNR Property by Starwood Property Trust and Starwood Capital Group. The one that seems to have gotten the most attention, though, was the opportunity the acquisition gives Starwood to move into special servicing.<\/p>\n","protected":false},"author":882,"featured_media":1004050980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742],"tags":[],"class_list":["post-1004065302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest"],"acf":[],"yoast_head":"\nStarwood\u2019s Move into Special Servicing Amid Distress Level\u2019s Continued Drop - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Starwood\u2019s Move into Special Servicing Amid Distress Level\u2019s Continued Drop\" \/>\n<meta property=\"og:description\" content=\"There were several motivations for the just-announced $1.05 billion purchase of LNR Property by Starwood Property Trust and Starwood Capital Group. The one that seems to have gotten the most attention, though, was the opportunity the acquisition gives Starwood to move into special servicing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-28T15:25:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-24T16:34:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Real-Capital-Analytics-DanFasulo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"585\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Starwood\u2019s Move into Special Servicing Amid Distress Level\u2019s Continued Drop\",\"datePublished\":\"2013-01-28T15:25:33+00:00\",\"dateModified\":\"2020-04-24T16:34:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/\"},\"wordCount\":560,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/11\\\/Real-Capital-Analytics-DanFasulo.jpg\",\"articleSection\":[\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/\",\"name\":\"Starwood\u2019s Move into Special Servicing Amid Distress Level\u2019s Continued Drop - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/11\\\/Real-Capital-Analytics-DanFasulo.jpg\",\"datePublished\":\"2013-01-28T15:25:33+00:00\",\"dateModified\":\"2020-04-24T16:34:50+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/11\\\/Real-Capital-Analytics-DanFasulo.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/11\\\/Real-Capital-Analytics-DanFasulo.jpg\",\"width\":\"768\",\"height\":\"585\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Starwood\u2019s Move into Special Servicing Amid Distress Level\u2019s Continued Drop\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/scott-baltic\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Starwood\u2019s Move into Special Servicing Amid Distress Level\u2019s Continued Drop - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/","og_locale":"en_US","og_type":"article","og_title":"Starwood\u2019s Move into Special Servicing Amid Distress Level\u2019s Continued Drop","og_description":"There were several motivations for the just-announced $1.05 billion purchase of LNR Property by Starwood Property Trust and Starwood Capital Group. The one that seems to have gotten the most attention, though, was the opportunity the acquisition gives Starwood to move into special servicing.","og_url":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-01-28T15:25:33+00:00","article_modified_time":"2020-04-24T16:34:50+00:00","og_image":[{"width":768,"height":585,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Real-Capital-Analytics-DanFasulo.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/"},"author":{"name":"Scott Baltic","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"headline":"Starwood\u2019s Move into Special Servicing Amid Distress Level\u2019s Continued Drop","datePublished":"2013-01-28T15:25:33+00:00","dateModified":"2020-04-24T16:34:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/"},"wordCount":560,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Real-Capital-Analytics-DanFasulo.jpg","articleSection":["Investment","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/","url":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/","name":"Starwood\u2019s Move into Special Servicing Amid Distress Level\u2019s Continued Drop - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Real-Capital-Analytics-DanFasulo.jpg","datePublished":"2013-01-28T15:25:33+00:00","dateModified":"2020-04-24T16:34:50+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Real-Capital-Analytics-DanFasulo.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Real-Capital-Analytics-DanFasulo.jpg","width":"768","height":"585"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/as-starwood-moves-into-special-servicing-distress-level-continues-to-fall\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Starwood\u2019s Move into Special Servicing Amid Distress Level\u2019s Continued Drop"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Real-Capital-Analytics-DanFasulo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004065302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004065302"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004065302\/revisions"}],"predecessor-version":[{"id":1004424763,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004065302\/revisions\/1004424763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004050980"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004065302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004065302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004065302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}