Sunday, July 14, 2013

Increasing REO Sales Driving CMBS Delinquency Rates Lower

National Commercial Real Estate News From CoStar Group

Increasing REO Sales Driving CMBS Delinquency Rates Lower

As special servicers continued to ramp up sales of their real estate owned (REO) properties, U.S. CMBS delinquencies fell to their lowest level in more than three years, according to the latest index results from Fitch Ratings.

CMBS late-pays declined 19 basis points (bps) in June to 7.18% from 7.37% a month earlier, the lowest level since March 2010. Fitch said the decline was largely fueled by the sale of $622 million (in stated loan balance)...

Industrial Real Estate Indicators Generally Positive at Midyear

By: Shaw Lupton, Senior Real Estate Economist

Leading indicators for the industrial real estate sector paint a generally positive view for the near term. While still leaving much to be desired, they affirm PPR’s view that U.S. industrial real estate will continue to make gradual gains in 2013.

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The good news this past quarter came in the areas of consumption, production, freight movement and housing...

Store Opening Train Starting to Roll? Openings Seen Reaching New High

Demand from retailers, as evidenced by planned store openings, continues to grow while plans for new supply, either among regional malls or community centers, remains subdued with little uptick in planned deliveries in sight, according to analysis by RBC Capital Markets.

Retailers in the financial services firm's database are planning to open 83,749 stores over the next 24 months, and another 42,757 stores are planned to open over the next 12 months...

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