Subject: Research (RES)
Hotel Performance Improves in March
April 3, 2002 Commercial Real Estate Direct Staff ReportHotels continued to improve their performance and might no longer be in as dire straits as they had been.Revenue per available room for the industry fell 5.3 percent in March, when compared ...
CSFB Tops 1st Qtr CMBS Bookrunner Rankings
The investment bank ran the books on nearly 20 percent of the first quarter's total CMBS issuance, putting it squarely in the lead among bookrunners. Goldman Sachs was close behind.
Fitch Survey: Pros Don’t Like Notching
April 1, 2002 NEW YORK – Most structured finance executives believe that the rating agency practice of notching bond ratings is not justified, according to a survey.The survey, conducted by Greenberg Quinlan Rosner Research, was commissioned by Fitch Ratings, which ...
IRS Ruling on Impact Fees Applies to All Sectors, Trade Group Says
March 28, 2002 Commercial Real Estate Direct Staff ReportThe Real Estate Roundtable, a Washington-based industry lobbying and trade group, has clarified the scope of a recent IRS ruling concerning developer tax write-offs for impact fees.The measure in question, Revenue Ruling ...
Moody’s Enhances CMBS Surveillance Reports
March 25, 2002 NEW YORK – Moody's Investors Service is launching a series of monthly CMBS surveillance reports that will provide transaction data as well as analysis.Initially, the rating agency will publish Enhanced Performance Reports, or EPRs, on 80 recent ...
Tech Heavy Focus Clobbers Portfolio Vacancy Rate at Some REITs
REITs that have a heavy concentration of properties in tech-heavy areas such as San Jose and Seattle have seen their vacancy rates skyrocket.
Dearth of Big-Ticket Sales Results in Sharp Drop in Deals in Fourth Quarter
About $9.1 billion of property transactions took place in the fourth quarter, marking only the second time in two years that quarterly volume has fallen below $10 billion. The reason: buyers of big-ticket property were on the sidelines.
Triple-Bs Price Ever Tighter as CDO Demand Grows
Morgan Stanley's latest conduit saw five mezzanine classes price at least four basis points tighter than the low end of guidance. Big CDO buying and the lack of large loan originations on the year are causes for the frenzy.
BofA Revamps CMBS Index
March 20, 2002 Commercial Real Estate Direct Staff ReportBank of America Securities has revamped its CMBS index to better reflect actual trading patterns. BofA's index had long been put together to reflect trading in all CMBS in existence. It also ...
Aimco Biggest Owner of Apartments in US
March 20, 2002 WASHINGTON, D.C. – The country's 50 largest apartment owners own 2.78 million apartment units, according to a ranking by the National Multi Housing Council. That total represents 17 percent of the entire inventory of apartment units in ...
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