Commercial Issues
| COMMERCIAL ISSUES |
| More Defaults in Multi-Family Than Other Sectors |
| Multifamily leads all other commercial real estate sectors in loan default rates. Defaulted apartment loans that back commercial mortgage backed securities (CMBS) in May were above 5 percent, while retail and lodging broke the 3 percent level and overall delinquencies were 2.77 percent, according to information from the Trepp Data Feed, which tracks CMBS issues. Bank loans for apartment buildings defaulted at a rate of 2.45 percent in the second quarter, while those of all other commercial real estate mortgages held by depository institutions reached 2.25 percent, accordi! ng to re search firm Real Estate Econometrics. Read more... http://www.realtor.org/narlservredirect.nsf/pages/NT00001372?OpenDocument&WT.mc_id=LS062409&CAT=Comm |
| Opportunity Amidst the Commercial Real Estate Doom? |
| The Commercial Real Estate picture remains ugly. But, always trying to find the bright spots, check out that the WSJ reports that investors would need to be very selective, but that there are two possible CMBS investments that offer decent potential returns. Both Bear Stearns (now owned by JP Morgan Chase) and Morgan Stanley are offering CMBS investments -- their top issues with suggested yields of about 10%. Read more... http://www.realtor.org/narlservredirect.nsf/pages/NT00001376?OpenDocument&WT.mc_id=LS062409&CAT=Comm |
| CCIM Institute Membership |
| In our recent e-newsletter, the Commercial Report, we reported that "approximately 9,000 practitioners" had attained the CCIM designation. In fact, in CCIM's 40-years, 15,000 people have earned the CCIM designation. The number of current designees is 9,000. The CCIM Institute has a new website, and it offers informative content about ! current CCIM events, education, local chapter informatin and networking opportunities. Visit the siteto learn more. Read more... http://www.realtor.org/narlservredirect.nsf/pages/NT0000138A?OpenDocument&WT.mc_id=LS062409&CAT=Comm |