CMBS issuance fell to a 10-year low in the first quarter, reports The Real Deal. The Green Street Commercial Property Price Index was down 15% year-over-year in March. These are among today’s must reads from around the commercial real estate...
The overhaul centers on a merger between its Ground unit, which uses non-employee contractors to move parcels, and its Express division, which hires only staff drivers.
The wall of debt is set to get worse before it gets better. Maturities climb for the coming four years, peaking at $550 billion in 2027.
Despite some clamor about the state of real estate financing, mortgage REIT balance sheets remain in good shape.
