The weakening economy and continued credit crunch led to increases in commercial/multifamily mortgage delinquencies during the first quarter of 2009, according to the latest Commercial/Multifamily Delinquency Report, released by the Mortgage Bankers Association. “Multifamily mortgage delinquency rates continued to rise in the first quarter,” says Jamie Woodwell, vice president of commercial real estate [...]

With industry players speculating that Central London’s office market will soon hit bottom, the timing appears to be just right to snap up assets in the revered locale, and London-based Henderson Global Investors is positioning itself to do just that, while taking others from around the globe along for the ride. The independent asset manager [...]

A major part of bankrupt carmaker General Motors’ plans to fast track its reopening as a new, sleeker firm in 60 to 90 days, are a number of real estate-related decisions that could have an effect on commercial property industry, especially the industrial sector. GM plans to close two assembly plants this year. The firm [...]

Monday was an historic day in Detroit, and arguably for the entire U.S. manufacturing sector, even though GM’s formal announcement of bankruptcy, along with President Obama’s promise for more than $30 billionfor a company in which the U.S. Government will soon own a controlling interest, weren’t surprises . A little more surprising (only a little) [...]

Despite the fact that widespread job losses have begun to take a toll on the multi-family market, owners of this asset type are still able to secure financing in what remains a frigid lending environment. Just three months after having wrapped up a $350 million secured credit facility, Colonial Properties Trust has landed another major [...]

With an eye on the impending onslaught of maturing debt in the real estate marketplace, Steadfast Cos. has just kicked off Steadfast Capital Markets Group L.L.C., a new securities and financial services division. The Newport Beach, Calif.-based diversified real estate investment concern’s new division will give investors the opportunity to join forces with the company [...]

Over the next several years, one of the most common questions in commercial real estate will be, “What’s that retail center really worth?” A first-quarter survey of distressed assets offers a clue as to how often that question will apply to underperforming assets. Through the first quarter, 1,276 retail properties were classified as distressed by [...]

General Motors was in the news over the weekend before the largest bankruptcy in U.S. history (that is, its own), but more worrying for many policymakers, economists and ordinary borrowers is last week’s sudden spike in mortgage interest rates. For the last few months, the Federal Reserve had used its considerable clout to drive mortgage [...]

With the economy in the tank and credit markets frozen, fund sponsors have plenty to worry about, but as Ernst & Young L.L.P. concludes in a new report, their greatest issue is mortgage financing and the capacity to refinance maturing debt on commercial assets over the next 12 to 18 months. “Maturity default, that’s what [...]

Signs of growth in distressed properties are mixing with evidence that the U.S. and global real estate markets are starting to stabilize, according to a recent analysis by Jones Lang LaSalle Inc. The issue of distressed assets in the United States presents a contradictory picture. Loan defaults are at an 11-year high, and lenders [...]