NREI recently talked to Gil Borok, Colliers International's newly appointed U.S. CEO, about what he sees as the biggest trends in the market heading into 2020 and how he plans to position Colliers to compete more effectively with its peers in the brokerage and advisory sector.
In November, both Trepp LLC and Fitch Ratings tracked an unexpected big jump in CMBS loan delinquency backed by industrial properties. With the all-property CMBS delinquency rate on the decline, the dynamic seemed unusual for commercial real estate’s hottest sector, until Fitch disclosed the reason for the higher delinquency—there was a three-property industrial portfolio vacated by supermarket operator Shopko earlier in the year as it filed for bankruptcy protection. The owners of two of the properties in the portfolio were still looking for replacement tenants, while the new tenant at the third property had missed rent payments.
NREI exclusive research shows that commercial real estate professionals expect high-net-worth investors to slow their investment in the sector. Lenders are trying to maintain underwriting discipline as interest rates fall. Read these and other stories in NREI's November/December 2019 issue.
Fannie and Freddie are cutting back on some riskier loans, reports the Wall Street Journal. TIAA is buying a 500-room Hilton hotel in Dallas, according to the Dallas Morning News. These are among today’s must reads from around the commercial real estate industry.
