Inside the February 2012 Issue

Browse the February 2012 issue of Commercial Property Executive cover to cover.

Browse the February 2012 issue of Commercial Property Executive cover to cover, or choose from the individual stories below.

Distressed Debt & Asset Update: Is CMBS Here to Stay?

CMBS debt represented more than one-third of total outstanding commercial real estate debt at the height of the market in the mid-2000s, and is once again being looked upon as a potential solution to help solve existing distressed-asset issues and manage significant looming debt maturities. By Steven Bandolik and Scott Hileman.

Change Agent: Confident & Congenial, Hugh Frater Re-Energizes Berkadia Commercial Mortgage

Known for his upbeat, approachable manner as well as for his 25 years in finance, Hugh Frater has brought welcome changes to Berkadia Commercial Mortgage, including a proprietary lending business, an expansion of the company’s own stable of lenders and a retooling of the executive team. By Paul Rosta.

Finance & Investment: Maturities, Here They Come: CRE Lenders Prepare to Meet the Wave of CMBS Loans Needing Refinancing This Year

Is this the year stakeholders in commercial real estate debt will have to “face the music?” CPE spoke with top executives at Cohen Financial, Marcus & Millichap, NorthMarq and Walker & Dunlop to get their opinions on financial strategy for 2012. By Keat Foong.

From the Editor: Financial Pain and Gain

The nature of the commercial real estate market is such that the mood of many has improved significantly, even in the face of global economic uncertainty. Investors in significant numbers are moving forward on deals. By Suzann Silverman.

Law & Policy: Foreclose and File? Buyers of Mezzanine Loans May Be Liable for Mortgage Debt

While the purchase of a mezzanine loan typically follows a predictable path, two recent rulings have upheld the custom of the mezzanine lender being required to pay the outstanding balance of the mortgage loan prior to foreclosing on the equity interests. By Michael Hamilton.

Leadership & Learning: Course Correction: In an Ever-Changing Landscape, Associations Strive to Keep Education Fresh

Associations need to keep pace with their constituencies’ ever-evolving needs, and to meet those demands, groups are looking at new communication channels, re-examining their programs and rolling out new offerings. By Paul Rosta.

Market View: Challenges and Opportunities: The New Normal Lending Landscape

While there is optimism in the market for 2012, there is still hesitation – and those negative factors include debt availability, the tightening of the CMBS market and the need to resolve distressed debt. By Brian Stoffers.

News Trend: Net Leases Hit Record High in 2011. Can 2012 Keep the Magic?

Along with multi-family, could the net-lease sector be the next big winner in 2012? While there are still deals to be found, it remains to be seen if investors decide to sign up for the ride once again. By Nicholas Ziegler.

Property Management: Wielding the Scalpel: New Strategies to Maintain Control of Operating Expenses

It might seem as if property managers ran through their entire bag of cost-cutting tricks during the past couple of years, but property managers are turning to alternative means of saving dollars, including energy audits, renegotiation of contracts and tax savings. By Paul Rosta.

Sustainability: Blazing the EC Glazing Trail: Will the Next Office Development Wave Mainstream Dynamic Electrochromic Glass?

Commercial window experts have great expectations for a budding technology known as “dynamic electrochromic glazing” for window glass, which allow allows property operators to optimize solar heat gain for prevailing conditions without losing daylighting benefits. By Brad Berton.

Technology: Corporate Cloud: How Use of Office Space Really Is About to Change

Technology is already revolutionizing workers’ relationship to the office, and commercial real estate is going to need to balance the demands of IT and emerging technologies with the benefits of face-to-face interaction. By Dees Stribling.

Visionaries: Building Evolution: Syska Hennessy’s Co-Presidents Rate Construction Improvements, Recommend Future Needs

Syska Hennessy Group co-presidents Gary Brennen and Cyrus Izzo discuss the most beneficial solutions being implemented in building design and development today, where shortcomings remain and what owners’ and developers’ priorities should be for the greatest efficiencies in the future. By Suzann Silverman.