CMBS pros have come to terms with the reality that the market will never regain the heights reached before the great financial crisis. Annual issuance volumes north of $200 billion are not in the cards. But the sector, complemented by agency-backed CMBS issuances that didn’t have much of a presence pre-crisis, has steadily built up volumes each year.
BANKRUPTCY SALE –8.68 Acres on the Las Vegas Strip • Offered in Whole or Parts • Most significant development site available on the Las Vegas Strip • Prime location for Hotel, Gaming, Retail, Parking, etc. • Located in a Qualified Opportunity Zone • Directly across from Mandalay Bay, walking distance from the new Las Vegas Raiders stadium • Offers reviewed in advance of the bid deadline
It’s important for real estate managers to recognize the forces that shape the markets, since no sector is fully recession-proof, and the tea leaves are always subject to interpretation.
Hotel room rates in Miami expected to hit a record due to the Superbowl this weekend, reports the Wall Street Journal. Forbes looks at how data will drive real estate transactions in the future. These are today’s must reads from around the commercial real estate industry.
