All signs point to CMBS delinquencies staying at their current low level in the year ahead. The 30+ day delinquency metric had reached a new post-crisis low in December, at 1.45 percent, according to Fitch Ratings—below the last cycle low reached in February 2009. The rate was also 7 basis points below that recorded in November of 2019 and 74 basis points below the rate recorded in December 2018.
If tenants only connect with property managers though electronic means, they can become alienated and dissatisfied when their needs aren’t being adequately addressed.
The U.S. economy remains in expansion, growing by 2.1 percent in the third quarter as the nation's economic momentum continues to surmount barriers to growth.
A joint venture that includes the Blackstone Group will buy MGM Grand and Mandalay Bay, reports the Wall Street Journal. The New York Times looks at how Florida’s Aventura Mall has been beating the retail sector’s troubles. These are among today’s must reads from around the commercial real estate industry.
