Wednesday, April 24, 2013

Damage Undone: Net Incomes for CMBS Property Rebounding to Pre-Recession Levels

National Commercial Real Estate News From CoStar Group

Damage Undone: Net Incomes for CMBS Property Rebounding to Pre-Recession Levels

Surprisingly, net operating incomes on almost all yearly vintages of CMBS loans are now near or above underwritten financial levels, according to recent CMBS research.

With the April CMBS bondholder remittance reports came the first big wave of full-year, year-end 2012 property financial data, bringing the percentage of loans reporting to around 30% of the fixed-rate conduit universe, according to Marielle Jan de Beur, managing director and head...

'Goofy Pricing' Driving Some Banks Away from CRE Deals

As an indicator of just how much conditions for commercial property sales has improved, some lenders report that they are starting to back away from deals in an increasingly crowded commercial real estate financing arena.

Terms for some in-demand loans have become so competitive that lender profits have narrowed to the point where the banks decided not to compete for the deal. In some case, they say underwriting standards have loosened to the point...

Robust Market for Data Centers Healthy Now, But Investors Worry Over Oversupply

If there was any doubt that data center development, leasing and sales activity remain on a tear in 2013, Facebook erased that doubt this week.

The giant social network announced Tuesday it will build a massive new data center in Altoona, IA, investing at least $299.5 million in what will be its fourth owned and operated data facility and its third in the U.S.

Facebook joins the likes of Microsoft, Google and Amazon, all of whome are scrambling...

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