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05-14-12
The Trepp LLC survey showed spreads widening as much as 15 basis points for no apparent reason we know of except, possibly, the continuing crises in Europe and concerns that the U.S. will catch their flu. Fortunately, money is plentiful with a majority of the widening of spreads offset by the lower yields on 10-year Treasury bonds.
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05-10-12
ULI members Glenn Grimaldi, executive vice president of HSBC; David D. Clark, senior vice president, Real Estate, Northwestern Mutual Life Insurance Co.; and Kevin Pivnick, managing director, Deutsche Bank, all described a healthy mortgage market in which only the long shots are having trouble finding funding these days. In a session titled “Full Court Press on Commercial/Apartment Debt” at ULI's 2012 Spring Meeting, all three described how they each tend to look at potential deals a bit differently.
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05-07-12
The top 12 trends in this month’s Barometer highlight a tepid economy, uneven signals in the capital markets, and a housing market on a low simmer. Still, compared with a year ago, 76 percent of the key indicators in the Barometer are better, 1 percent remained the same, and only 23 percent are worse.
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05-07-12
According to the FTSE NAREIT Equity REIT Index, equity REITs produced total returns equal to 2.87 percent in April. The Trepp LLC survey showed spreads flat to widening by 5 basis points over the survey period as all-in costs remain attractive.
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04-30-12
The Trepp LLC survey showed spreads widening over the past two weeks in response to the yield on 10-year Treasury bonds which narrowed by about 15 basis points. Lending spreads continue to move in a narrow range with overall cost attractive at all maturities and from a wide array of capital sources.
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04-25-12
The Dodd-Frank Wall Street Reform and Consumer Protection Act will have little effect on U.S. real estate markets, says former governor Eliot Spitzer, because it is being “whittled away piece by piece.” Spitzer says it repeatedly has been demonstrated that self-regulation does not work and that it is the job of government.
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04-23-12
According to the most recent survey by Real Estate Research Corporation, average capitalization rates continued to decline as more and more capital is invested in real estate. Lending spreads continue to move in a narrow range with overall cost attractive at all maturities and from a wide array of capital sources.
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04-16-12
Over the past month, the Cushman & Wakefield Sonnenblick-Goldman Survey narrowed, with 10-year rates improving as much as 40 basis points for some property sectors.
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04-09-12
Spreads reported by Trepp LLC widened during the survey period, fully giving up recent gains. Mortgage pricing remains very attractive for borrowers.
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04-09-12
The top 12 trends in this month’s Barometer point to mixed signals everywhere—in the economy, capital markets, and housing market. Still, compared with a year ago, 79 percent of the key indicators in the Barometer are better and only 21 percent are worse.