Previous Page  5 / 72 Next Page
Show Menu
Previous Page 5 / 72 Next Page
Page Background A publication of Summer issue 2015 sponsored by

CRE Finance World Summer 2015


s 2015 inches toward the halfway point, the commercial

real estate markets continue to build on their momentum,

helped along by an improving economy. Nonetheless,

every quarter it seems, the market does a gut check, as

we ask ourselves what “inning” we are in — on panels at

conferences, and in our own boardrooms. As the years since the

market downturn pass by, we continue to be mindful of the factors

that contributed to the credit crunch, hoping to keep our corner

of the financial markets in check. At the same time, optimism

is palpable and new opportunities and innovations are pushing

commercial real estate finance to the next stage.

This issue of

CRE Finance World

touches upon those themes of

cautious optimism. We feature two roundtables, one through the eyes

of lenders, while the other takes stock of the state of the markets.

Moderated by Stephanie Petosa from Fitch, Lisa Pendergast at

Jefferies and Ed Shugrue from Talmage, the discussions are wide

ranging and shed a light on perspectives through the eyes of

industry leaders.

We also feature two Hot Topic sections in this issue, focused on

Crowdfunding and the impact of the downturn in oil prices on our

markets. We are running several pieces on these developments

given their rising focus and potential impact on all areas of our

markets. Crowdfunding shops in particular are exploding, and how

the business model fits into the CRE mold will be an interesting

devolvement for the remainder of the year and beyond. On the flip

side, the drop in oil prices and a new normal below $60 a barrel

may temper the upward trajectory in some markets, as explored

in our two pieces on the issue.

As always, the magazine also features several articles spotlighting

more technical aspects of the market including: a piece on ASERs

in CMBS by Leslie Hayton and Stacy Ackerman, of K & L Gates

LLP and Wells Fargo Bank, N.A respectively, an update on SEC

regulations by Marshall S. Brozost and Conrad C. Axelrod of

Schulte Roth & Zabel LLP, and a look at alternative investments

in the office property markets by Stewart Rubin of New York Life

Real Estate Investors.

Each issue of

CRE Finance World

is now available on the CREFC

website, and includes a comments section. Feel free to join the

discussion! We hope to expand upon our website in the future with

feature articles.


Editor’s Page

Letter from the Editor

Nicoletta Kotsianas

Associate Director

Kroll Bond Ratings