Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
RICHARDSON, TX—“There's a lot of software being built for the front office and a lot for the back office, but there's not a lot being built for the middle office,” says Alan James at RealPage, which has just rolled out a platform for asset and portfolio managers.
CHICAGO—Term defaults among Fitch-rated loans remain low; however, the firm's Brook Sutherland notes that more than three quarters of last year's term defaults were on 2006- and 2007-vintage CMBS.
NEW YORK CITY—“We expect these markets to trend down as we see more price resistance and potentially a slight decrease in 2017,” says Keith DeCoster at Savills Studley.
NEW YORK CITY—In recent months, “we've seen a significant uptick in small companies based in second- and third-tier markets looking to hire single, multi-talented individuals,” says David Funk, managing editor of the SelectLeaders Job Barometer.
NEW YORK CITY—Lenders with higher concentrations of commercial real estate loans may be at risk of downgrades if sector performance worsens, says S&P Global Ratings.
CHICAGO—Avison Young's Earl Webb says the next cycle for the US industrial market “could prove to be interesting” as demand drivers meet lack of supply.
IRVINE, CA—ATTOM Data Solutions' Darin Blomquist cites “the above-par performance of mortgages originated in the past seven years” as a key driver of foreclosure activity's search for a new post-recession floor.