Tag Archives: economy

8.5.14: Corpus Christi Economy Continues to Sparkle

HVS, a market leader in hospitality consulting and valuation, recently reported on the Corpus Christi, Texas economic climate. The report highlighted the following: Corpus Christi’s economy continues to sparkle, with ongoing developments in the tourism, energy, and shipping industries, as … Continue reading

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9.20.13: CMBS Spreads Tighten Slightly as Swap Rate Falls

Spreads on new CMBS issues narrowed only slightly as financial markets rallied in response to the Federal Reserve’s surprise announcement that it would keep its massive bond-buying program running full-tilt. However, CMBS conduit loan borrowers still caught a break as … Continue reading

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9.17.13: For Hotels, Is the Party Over?

Two pervasive messages of the Lodging Conference held at the Arizona Biltmore on Tuesday were more qualitative than quantitative, despite the general mindset of commercial real estate investors to focus on numbers. The key takeaways? The hotel sector’s good times … Continue reading

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9.10.13: Decline of Enclosed Mall Appears Permanent

The demise of many big-box and department-store retailers has led to a decline in large enclosed malls that won’t reverse itself any time soon — if ever – according to panelists of the International Council of Shopping Center’s (ICSC) Western … Continue reading

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9.6.13: 10-Year Swap Rate (Swap) Index Breaks 3%; Treasury Not Far Behind

Although 10-year Swaps and Treasury rates fell Friday after a softer-than-expected U.S. jobs report quelled market expectations that the Federal Reserve will imminently roll back its monetary stimulus, the Swap Index used to set CMBS loan rates broke the 3% … Continue reading

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8.7.13: Blackstone Is Expected to Sell Hilton in IPO

As private equity firms rush to cash in on their investments, the Blackstone Group is moving to sell one of the biggest companies to go private in recent years. Hilton Worldwide, the hotel giant that Blackstone bought six years ago, … Continue reading

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7.12.13: CMBS Delinquency Plummets

In June, according to Trepp, the CMBS delinquency rate posted its lowest reading in almost three years. The 42-basis-point (bp) drop in the delinquency rate was the biggest one-month improvement since Trepp began publishing a monthly rate in fall 2009. … Continue reading

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7.9.13: Swap Rates and Loan Spreads Stabilize…for Now

After the 10-year Swap Rate (Swap) Index used to set CMBS conduit rates jumped from 2.37% to 2.60% on June 19 while Federal Reserve Chairman Bernanke spoke at a press conference and further spiked to 2.86% on Monday, June 24, … Continue reading

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5.31.13: Swaps Widen Based on Bernanke Comments

The 10-year Swap Rate (Swap), the index used to set the interest rate for CMBS conduit loans, recently widened and is now above its 2013 range. For most of 2013 to date, the Swap has traded within a range of … Continue reading

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5.27.13: Single-Borrower CMBS Transactions in Vogue Despite Rating Agency Disagreement

Issuance of single-borrower CMBS deals so far this year has reached $12.1 billion, more than the $10.1 billion issued in all of 2012, according to data from Commercial Mortgage Alert. Assisting in the rise of the single-loan asset securitization market, … Continue reading

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