Industrial
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders narrowed slightly in response to widening in the yield of 10-year Treasury bonds. There seems to be an all-in cost of 5.0% “glass ceiling” in place as loan spreads moved in and Treasury spreads widened to accommodate changes in spreads and/or yields. For the survey period, average all-in cost equaled 4.87 percent.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders narrowed significantly (17 basis points on average) with multifamily spreads breaking the 200 basis point barrier between sanity and complete madness. Less than 200 over the 10-year curve seems a little too low a spread to compensate for the risks associated with making a loan secured by an operating business. During the period, 10-year Treasury bond yields were flat, with average all-in cost equal to 4.66 percent.
A freestanding Smart & Final warehouse grocery store in Modesto, California, was sold to a private investor for $1.9 million—and at an 8.56 percent cap rate. A nearly 9 percent cap rate in today’s market? It was a triple-net-lease property in a tertiary market. Philip D. Voorhees, senior vice president in the Newport Beach, California, office of CB Richard Ellis Inc. and an expert on triple-net leases offers advice for developers.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders was mixed with some widening and some narrowing between October 22nd and October 29th. During the period, 10-year Treasury bond yields came in 5 basis points, with average all-in cost equal to 4.83 percent.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders was mixed with some widening and some narrowing between October 15th and October 22nd. During the period, 10-year Treasury bond yields widened 5 basis points, with average all-in cost equal to equal to 4.89 percent.
Organizers of Expo 2010 have put together a set of five pavilions and a best practices area based on the “Better City Better Life” theme. The organizers have clearly sought to examine the “Better City” theme in a straightforward and easily comprehended manner. Read about how the Urbanian Pavilion, Pavilion of City Being, Pavilion of Urban Planet and others portray their messages.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders widened between October 8th and October 15th. During the period, 10-year Treasury bond yields remained flat, with average all-in cost equal to equal to 4.86 percent.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders widened between October 1st and October 8th. During the period, 10-year Treasury bond yields widened by 17 basis points, with average all-in cost equal to equal to 4.80 percent.
The Commercial Mortgage Alert Trepp weekly survey (below) of 15 active portfolio lenders widened between September 24th. During the period, 10-year Treasury bond yields declined 12 basis points, with average all-in cost equal to equal to 4.76 percent.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders was unchanged between September 17th and September 24th. During the period, 10-year Treasury bond yields declined 9 basis points, with average all-in cost equal to equal to 4.80 percent.