CommercialRECap @CommercialRecap

Commercial Real Estate Information One Data Point at a Time Joined November 2021

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CommercialRECap @CommercialRecap

5 months ago

I'm not there yet, but some #CRE bigs see an office bounce coming. @trdny: “I think that we’ve turned the corner”: @MaryannTighe @CrainsNewYork: Vornado forecasts big increase in OF occupancy #cmbs therealdeal.com/new-york/2025/… crainsnewyork.com/real-estate/vo…

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CommercialRECap @CommercialRecap

5 months ago

The @LightBoxRE pod team did their own #CRE NFL-style prop type draft. My picks: R1: Grocery anchored R2: Student housing R3: Strip malls Bust: Business/luxury hotel Feel free to grade my draft & tune for the picks of the entire LB draft team #cmbs lightboxre.com/insight/episod…

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CommercialRECap @CommercialRecap

6 months ago

Big: The Real Deal’s Keith Larsen reports Amazon’s inked a 330k lease at 10 Bryant Park in #NYC. Prop was fka HSBC Tower - which backed a big #cmbs loan. The asset gave investors the jitters several years ago when HSBC announced it would vacate a huge swath of space. #cre @trdny

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CommercialRECap @CommercialRecap

6 months ago

🎙️Pod guest calls his shot! On latest @LightBoxRE pod (cut Wed) Former Fed insider Tyler Wiggers: ‘analysts wrong to expect rate cuts.’ Hrs later Powell confirms. Wiggers was on NY Fed’s Senior Strategic Staff during GFC & advised Powell/Yellen on #cre risks for yrs. #cmbs Enjoy!

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CommercialRECap @CommercialRecap

6 months ago

Having seen a selloff or two, I do know this: if on a Sunday night, Haslinda Amin’s ratings are crushing @SportsCenter, you know we are in for a beatin’ on Monday. @haslindatv @lisaabramowicz1 @business

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CommercialRECap @CommercialRecap

6 months ago

Bloomberg @business reports Nomura’s in talks to take space at Penn 2 in NYC. If so, move would take a big bite out of WorldWide Plaza. WWP backs a $940MM #cmbs loan (+$260MM in mezz) that was recently mod’d. Nom has 34% of the space & a ‘27 lease terminate option. #cre @SLGreen

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CommercialRECap @CommercialRecap

7 months ago

Last night’s @LightBoxRE pod: @mcoacher & I recalled early COVID. The 1st pod was cut as the COVID began. Awful days. Now-at the 5yr ann-we chose to recall 2 great things from then: the goodness/generosity of the listeners & the friends we made during those dark days. #cre #cmbs

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CommercialRECap @CommercialRecap

7 months ago

Grear day talking #CRE w/50+ undergrads @ClemsonUniv this wk. Talked value of periodically pulling back CRE lens to consider big picture. Since ‘15, we've had RT apocalypse, IN renaissance, WFH, surging ins. costs & new gov't policies. Tigers came w/ great questions! @LightBoxRE

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CommercialRECap @CommercialRecap

8 months ago

Mall Brawl? Recent reports had the Northlake Mall in NC selling for $39 mil. Mall is one of several backing a -$650mil distressed #CMBS loan. Per the @CBJnewsroom, Ryan IG is saying ‘not so fast’ & is challenging the sale. What say you @ShlomoChopp? #cre bizjournals.com/charlotte/news…

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CommercialRECap @CommercialRecap

8 months ago

Tiger Tale: Blackrock has extended 176k sq ft at 1 University Square in Princeton. @JLL leasing team did the deal. Blackrock lease was to end in 2028. News is positive for big 2019 #cmbs loan. #cre. Reporting by Joshua Burd of Re-NJ.

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CommercialRECap @CommercialRecap

8 months ago

No Rice-a-Roni today (Boomers will get the reference). Bloomingdale’s 330k store in San Fran Centre to close in March. Prop backs huge #cmbs loan & was slated to be auctioned last month following default. Mall prev lost Nordstrom. Brutal. #cre @kron4news kron4.com/news/bay-area/…

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CommercialRECap @CommercialRecap

8 months ago

Houston, no problem. Per the @HoustonChron, Plains All American Pipeline has renewed 250k sf at Three Allen Center. Pushes the lease out to 2036. Green shoot and sign of faith for the Houston office market. Bright spot for the $470 million 2021 SASB loan #cre #cmbs

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CommercialRECap @CommercialRecap

8 months ago

Hope Floats? The $177 mil loan on 183 Madison modified: splits the existing loan into an A note & B note (aka “hope note” as in ‘we really HOPE it pays off’). These mods were plentiful during the GFC. Now, not so much. #cmbs #cre Ironhound facilitated the mod. Pincus w/reporting