Monthly Archives: November 2016

11.26.16: Borrowers Adjusting to Higher Rates Post-Election

10-year Treasury and Swap rates have moved up significantly since U.S. presidential election results on November 8. The following chart shows the move in the Treasury since the election. Nov 2016 Yield (%) 23 2.37 22 2.32 21 2.33 18 2.34 … Continue reading

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11.23.16: KBRA Releases 2017 CMBS Outlook

After six consecutive years of issuance growth, the CMBS market expansion came to an abrupt halt in 2016, according to Kroll Bond Rating Agency (KBRA). Private label CMBS is expected to end 2016 within a range of about $65-$70 billion, … Continue reading

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11.16.16: MBA CREF Conference Returns to San Diego in February 2017

The Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo returns to San Diego, California on February 19-22, 2017. This must-attend industry event draws more than 3,000 commercial and multifamily real estate finance professionals to San Diego for … Continue reading

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ValueXpress Obtains $15-Million CMBS Conduit Loan for the Refinance of the Ambridge Regional Distribution and Manufacturing Center in Ambridge (Pittsburgh), PA

ValueXpress has arranged a $15-million CMBS conduit loan for the refinance of a 1-million-square-foot warehouse and light manufacturing industrial park located in Ambridge, PA, 15 miles north of Pittsburgh. The property features 22 buildings that were constructed in stages between … Continue reading

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11.11.16: Recent CMBS Deals Show Signs of Price Tiering

Last week, the Wells, Morgan Stanley and Bank of America team did it again. The group issued its second CMBS offering that followed the compliant risk-retention structure at spreads that blew away the market. The AAA-rated investment grade portion of … Continue reading

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11.8.16: Yeager Properties Opens Next Generation Office Suite Project

Yeager Properties had its grand opening of the next generation of its office suites concept building on October 20. The property, Yeager Office Suites of Plano, is located at 8105 Rasor Boulevard, Plano, Texas. ValueXpress arranged the financing for the … Continue reading

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11.2.16: Brookfield and Macy’s Form Partnership to Extract Real Estate Value

Macy’s and Brookfield Asset Management have formed a strategic alliance to extract value in Macy’s real estate assets. Under the alliance, Brookfield will have an exclusive right for up to 24 months to create a “pre-development plan” for each of approximately … Continue reading

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