Entries by Wes Grasty

Newer multi-family defeasances increase as Wall of Maturities nears

Over the past several years, multi-family loans have consistently defeased in greater volume than any other property type. Due to sustained low rates and continued strength in the sector, owners of multi-family properties are moving at a quickening pace to defease loans against their properties. The intent is to maximize proceeds from disposition or refinance […]

3 Reasons to Give the Office a Second Chance

Last week, we looked at some numbers showing the difficult prospects in front of office properties approaching the Wall of Maturities. Enough gloom and doom.  There are plenty of reasons to look at the office sector with optimism. While some assets will surely reach maturity in need of additional capital, the majority find themselves in improving […]

Maturing CMBS faces tough day at the office

About 40% of office properties approaching the Wall of Maturities could face difficult conditions when their loans mature. A Fairview Real Estate Solutions analysis of all 10-year commercial mortgage backed securities maturing from 2015 to 2017 shows less than 60 percent of all office CMBS is expected to payoff at par value. The remaining loans […]

Don’t Discount Retail: 4 Reasons Bricks-and-Mortar Remains Strong

It’s easy to write-off the future of retail properties based on a few headlines spelling out the demise of some major U.S. retailers. The closing of big-box stores such as Sears or the bankruptcies of major brands such as Radio Shack get plenty of attention. The truth, however, shows bricks-and-mortar retail shopping centers, mixed-use developments […]