For much of 2009, hhgregg Inc., an Indianapolis-based regional electronics big-box chain, occupied a rare corner of the retail universe: It was a retailer that actually grew its store base. The chain, which operates stores selling consumer elect...

Many market observers have pointed out similarities between the current downturn in commercial real estate and the downturn in the early 1990s. Both were preceded by an extended period of relaxed underwriting standards, excess capital chasing...

When commercial property loans go into default, how much can lenders reasonably expect to recoup from asset dispositions or the sale of mortgage notes? A new study from Real Capital Analytics (RCA) reveals that recovery rates on defaulted commerc...

The cap rate spread over the 10-year Treasury yield is normally positive, reflecting the additional risks inherent in real estate assets (Exhibit 1). The risk premium is generally considered necessary to compensate for liquidity, leasing and...