As of six years ago, in commercial real estate finance, there is no question that CMBS had captured the lion share of the marketplace. When the financial crisis hit, CMBS was the first to go down. In fact, CMBS 1.0 is still in a world of hurt with its loans on distressed assets currently clogging special servicing and keeping the marketplace from resolving the problem. Leaders from across our industry seem to think that the way to deal with it is by denying involvement and dismissing it. We need to come together and acknowledge the mess we made.
Capital Markets Finance, Industry Trends
As I get ready to embark upon my annual pilgrimage to the ICSC in Las Vegas, I can't help but think about how far we've come the past few years. It wasn’t long ago that newly built NNN Walgreen stores were selling for 8 CAPs.
Capital Markets Finance
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