CBRE, Los Angeles, announced Bill Grice joined CBRE Hotels as Executive Vice President and Co-Head of Hospitality Capital Markets. Based in the firm’s Atlanta office, he will focus on the origination and placement of debt and equity for hospitality-related transactions.
Category: News and Trends
Can U.S. Retail Sector’s ‘V-Shaped’ Rebound Jump the Fiscal Cliff?
Reuters, Aug. 14, 2020–Howard SchneiderEven with nearly a fifth of the labor force collecting unemployment benefits in July, Americans continued spending with relative gusto, driving retail sales back to pre-coronavirus …
Dealmaker: Greystone Provides $100M in HUD-Insured Multifamily Financing
Greystone, New York, provided $100.3 million in HUD-insured loans for multifamily properties in California and Texas.
Analysts Downgrade Hotel Outlook
Full recovery in U.S. hotel demand and room revenue remains unlikely until 2023 and 2024, respectively, said STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa. The firms slightly downgraded their hotel outlook report.
North American CRE Market Reacts to COVID Downturn
After a strong start to 2020, COVID-19’s impacts on North American commercial real estate hit during the second quarter, reported Transwestern, Houston, and Devencore, Toronto.
Distressed Debt Monitor: A Conversation with Mayer Brown Partner Jeffrey O’Neale
MBA NewsLink interviewed Jeffrey O’Neale, a partner in Mayer Brown’s Charlotte, N.C., office and a member of the Real Estate Markets practice, about hotel sector workouts and other distressed debt.
Report Cites ‘Historic’ Drop in CRE Completions
Reis, New York, reported commercial real estate completions have declined “in a historic manner” since the pandemic and shutdown orders hit the U.S.
MBA Chart of the Week: Delinquency Rate for Commercial/Multifamily Mortgages
The delinquency rate for commercial and multifamily mortgages declined in July. The rate had increased sharply in April at the onset of the pandemic, with 3.6% of loan balances becoming newly delinquent. In May, delinquencies increased again, with a new, but smaller, cohort of newly delinquent loans (2.8%) and slightly more than half of the balance of loans that had been less than 30-days delinquent in April moving to the 30-60 days delinquent category. The inflow of newly delinquent loans continued to slow in June (1.8% of overall balances) and July (1.4%).
CREF Highlights Aug. 20, 2020
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
CMBS Market Musings by Andrew Foster
For better but more often for worse it seems lately, the commercial mortgage-backed securities market is continuing to experience interesting developments, whether it be updated credit rating agency analysis on evolving outlook, recent insights on the landscape from the special servicing community or the latest from bank research desks and MBA’s latest Quarterly CMF Originations Survey.