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Volume 3 - Number 22 | November 27, 2006
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TOP STORY: CMBS Heads into 2007 With Strong Pipeline
By Erika Morphy
CMBS volumes in 2006 will probably reach or exceed levels from 2005--a record-breaking year in which CMBS issuance totaled close to $170 billion, an 80% rise from 2004. To understand why this slice of the real estate capital market continues its upward trajectory, consider what Dan Smith, the recently appointed managing director of RBC Capital Markets' real estate mortgage capital division, explains, "Rates have been friendly and deal flow has been strong."
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Mini Shopping Centers Popular in Southwest
By Alex Finkelstein
Mini shopping centers averaging 14,000 sf are thriving in Dallas amid 200,000-sf to 300,000-sf competitors. Typically comprised of a single, stand-alone building housing five or six tenants, the small shopping centers are popping up on two-acre outparcels and fast-growing subdivision corners. They are popular in many markets throughout the Southwest, although they apparently haven't yet taken hold in other major markets, according to developers polled by Debt & Equity Journal.
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CBRE, GFI Form Real Estate Derivatives Market
By Erika Morphy
CBRE|Melody, a Houston-based subsidiary of CB Richard Ellis and derivatives broker GFI Group Inc., wants to replicate in the United States the success it had developing a real estate derivatives market in the United Kingdom. The two companies have formed another alliance to develop a market here that will trade such equity products as swap hedges, interest rate hedges and Treasury hedges that correspond to certain indices.
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REM Goes Green With Major Editorial Initiative
By John Salustri
Real Estate Media has unveiled a major initiative for 2007 tapping into one of the hottest issues in commercial real estate today: green building and sustainable development. The initiative will take place on a number of fronts with a particular emphasis on print and the firm's conference products.
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