Banking & Finance

A Towering Investment

willis tower chicago

I suppose we should discuss the famous and gigantic Willis Tower, formerly known as Sears Tower, in downtown Chicago. The big news of the past week or so has been the revelation that the famous tower’s ownership is planning the…

Really Big Piggy Banks

piggybank

Let’s talk about sovereign wealth funds, which one might argue are among the biggest piggy banks in the world. Here’s how Wikipedia defines a sovereign wealth fund:  A sovereign wealth fund (SWF) is a state-owned investment fund investing in real and…

Mezz: The Triumphant Return

mezzanine

Let’s talk about mezzanine capital, an important financing instrument in the commercial real estate world. About six years ago, Llenrock Blog’s Dave Jacobs called “mezz” a new four-letter word. Which is to say it had become a taboo topic in the…

Rate This!

credit rating firms

Up until recently, one of the problems with credit-rating agencies has been the fact that they themselves cannot be “rated.” Whether they do a great (i.e. accurate) job or a lousy (i.e. inaccurate) one, there’s no rating agencies–at least that…

In Blackstone’s Shadow

carlyle

Today we’re talking private equity. Specifically, we’re talking about two of the heavy hitters from the PE world: former number-one alternative asset investor Carlyle Group (NASDAQ: CG) and current number-one alternative investor Blackstone Group (NYSE: BX). On the surface, these…

CMBS Psychology

Pendulum1

Let’s talk about CMBS. A couple years ago, I published a ranking of the previous 10 years of annual CMBS activity. Each year was ranked according to the year’s total CMBS issued to investors. Here’s what the previous decade’s CMBS…

Guest Post from IRR on Real Estate

port savannah

Today we have a special news round-up courtesy of our friends at Integra Realty Resources and their blog, IRR on Real Estate. Enjoy! Savannah becomes America’s next great port city, and Boston tries to lure in manufacturers Here are the…

So Far, So Good?

chicago downtown

A couple years ago, in a post entitled “A Return to Luxury,” I reported that UBS was offering single-asset CMBS on the famous Fontainebleau Hotel in Miami Beach. This was a significant move for the bank, and for the commercial…