The Trepp survey for the period ending April 4, 2014, showed spreads basically unchanged, with the implied ten-year rate for properties with 50 percent to 59 percent loan-to-value ratios at 4.10 percent.Read More
The economic benefits of building healthy places are outlined in a new publication from the Urban Land Institute—Building for Wellness: The Business Case.Read More
ULI has announced Rives Taylor, D. Jamie Rusin, Sean Slater, and Ryan Call as joint recipients of the 2014 ULI Apgar Urban Land Award.Read More
Real estate investment trusts (REITs) are off to a strong start in 2014, showing returns far in excess of alternative public equity investments. REITs continue to have access to both equity and debt capital in size and at low cost, fueling their ability to selectively acquire property on an accretive basis.Read More
Four developers of master-planned communities discussed the health-related aspects of their projects during the “Legacy of Building Healthy Places” session at ULI’s Building Healthy Places conference, held in February in Los Angeles.
Maturing loans are back. Published reports from sources including conventional and securitized commercial mortgage lenders, commercial bankers, and investment bankers show that the real estate industry will continue to be challenged by the amount of loans maturing from 2014 to 2017.
The Trepp survey for the period ending March 14, 2014, showed spreads unchanged across all product categories, with the implied ten-year rate for properties with 50 percent to 59 percent loan-to-value ratios remaining in the 4.25 percent range.
ULI’s Terwilliger Center for Housing is convening Housing Opportunity 2014 on May 14–16 at the Hyatt Regency in Denver to discuss the challenges, opportunities, and best practices for supporting healthy housing in healthy places.
ULI Trustee Roy March and his family have a particular interest in helping communities rebuild after disasters. ULI programs may seem like a far cry from HIV-related health and education projects in Africa, but March sees them all on a continuum of organizations that make the world a better place and improve the human condition.
Happy St. Patrick’s Day. One reaction to last week’s posting: an experienced commercial banker based on the East Coast echoed our concerns regarding current investment activities and underwriting practices, saying spread compression is happening at an alarming pace and risk is being underpriced.