capital markets

The US hotel sector is largely defying expectations as the country emerges from the pandemic, but it continues to be a bifurcated market, Rob Murray writes

In the short-term, a resolution will bring benchmark Treasury yields down slightly, especially on the short-end of the curve.

The New York manager acquired the property at 444 South Flower at a UCC auction in January. 

National and regional banks are expected to reduce commercial real estate lending, which opens the door for the private markets. 

The 10-year, fixed-rate financing, arranged by Walker & Dunlop, is interest only for its entire term.

However, some institutions believe equity deals still are more attractive than debt investments in multiple respects.

Cities including New York, Los Angeles, Portland, Seattle, Pittsburgh and Washington, DC, have adopted strategies that will move them toward a carbon-neutral future.

A 25 basis point increase would be a rise in the Federal Funds target rate from its current level of 4.75-5% to 5-5.25%.

The Federal Deposit Investment Corp seized the bank and sold control of it to JPMorgan on May 1.

The Boston-based manager still sees difficulty lining up debt for most projects.