The high-profile White Tower case may have been dropped, but not before a nail-biting 16-day tutorial on the rigors of attempting to prove negligence in property valuations. The UK litigation case brought by White Tower, which alleged negligence against valuer Colliers, was dramatically dropped in its last stages last week with an agreement that each side would […]
Despite some blunt assessments on the outlook for CMBS, room for optimism remains as spreads chart impressive reversal. As I walked the floor at CREFC’s High Yield & Distressed Realty Assets Summit in Manhattan back in March, I recall distinctly how one industry acquaintance bluntly summarized the mood of the event: “This is depressing, isn’t it?” […]
As market conditions cause several REITs to sell off properties, lenders can reap the benefits. But for a limited time only. Even though real asset values in the US have remained strong, the stock value of REITs — tied to the rocky global markets — has dropped. US commercial real estate property prices were […]
“The UK property market has been seriously dysfunctional for some time”. This was the attention-grabbing assertion made by InvestSure chief executive officer (CEO), Janine Lewis, upon the launch of the new online financing platform earlier this week.
By Al Barbarino For many of us who grew up in suburban America, the local shopping mall conjures nostalgic thoughts of childhood. The Camillus Mall in the suburbs of Syracuse, New York had one of those centerpiece water fountains filled with loads of coins. I remember gazing into its shallow pools as a kid, the coins glistening underwater, thinking […]
By Justin Slaughter A well paid tech workforce streaming in from neighboring Silicon Valley is the latest Gold Rush to hit the city of San Francisco. With companies like Facebook, Google and Apple sponsoring private luxury coach buses that shuttle their employees down Highway 101 to work and back, thousands of tech workers are shunning […]
Last week, Bank of America Merrill Lynch (BAML) applied the paddles to the flat-lining European CMBS market. The investment bank launched a deal which has the potential to get the blood pumping around Europe’s commercial mortgage securitisation market once again. There haven’t been many signs of life since last September, when volatility in the capital […]
We are a society of extremes: First, last. Best, worst. Largest, smallest. In finance — and financial journalism — it’s easy to cling to them. Who isn’t a sap for a story about the tallest building or the largest deal. But numbers that may seem like the best, or the worst, don’t always tell the […]