Betting on Interest Rates
How long do we really think interest rates will stay down? Its probably the most important question facing real estate players today. Low interest rates have allowed many borrowers to sidestep default or foreclosure and enabled refinancing at lower rates than original mortgages. In fact, low rates have allowed the industry to steer mostly clear of the cliff of hundreds of billions of dollars of commercial mortgages refinancing in an environment where many borrowers struggle with balances at or above property values. Simply, they have prevented a debacle.
LAS VEGAS—The reorganization plan will move virtually all of Caesars Entertainment Operating Corp.’s US properties into a newly created REIT.
WASHINGTON, DC--Accelerate is a comprehensive two-year program in which a handful of carefully selected new brokers are groomed to move up in the company at a faster pace than the traditional model.
DETROIT—The continued health of the auto industry, combined with the rise of e-commerce, has produced historic numbers.
NEW YORK CITY—Driven by CMBS 1.0 loans that are expected to have difficulty in refinancing, the delinquency rate could reach 5.75% by year’s end, says Fitch Ratings.