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Lower interest rates and more loan restructuring can help negate any negative trending of NOI on som...
September 30, 2025
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Mich...
June 24, 2025
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The state of commercial real estate debt markets - by Michael Zysman
March 25, 2025
Today’s banking environment for commercial real estate can be defined as a period of low liquidity and lingering distress. Much of this distress is due to banks having made aggressive loans in the COVID era, coupled with the functional obsolescence of many
City Bay Funding LLC closed a $19.5 million bridge loan for newly built multifamily property
October 29, 2024
Kannapolis, NC City Bay Funding LLC (“ City Bay Funding ”) announced the closing of a $19.5 million bridge loan for the refinance of a construction loan on a 144 unit multifamily property. The loan is non-recourse
Current developments in the commercial real estate structured finance market - by Michael Zysman
November 28, 2023
Currently, the commercial real estate structured finance market is finding its footing. This is primarily due to the increase in interest rates, pull back of bank financing, and Federal bank policy. Much of the real estate financing
Recent bank failures should lead to a more resilient banking system and help transform functionally ...
May 30, 2023
The recent failure of some large regional banks has created ripple effects throughout the commercial real estate capital markets. Signature Bank, Silicon Valley Bank, and First Republic Bank were the major casualties of the most recent banking crisis. These banks focused on providing premium
The state of the commercial mortgage market - by Michael Zysman
February 28, 2023
The debt capital markets for commercial real estate are healthy, with the caveat that rates are much higher than they were in months prior. As of February 15, 2023 the 10 year treasury is 3.8% vs 2.0% a year ago or a 90% increase, the 5 year treasury is 4.04% vs 1.90% a
Landlords that foresee how emerging metaverse technology will change the demand for CRE should outpe...
November 22, 2022
The Metaverse is defined as “a virtual reality space in which users can interact with an environment generated by computer and with other users” by the Oxford Advanced Learner’s Dictionary. Most of us in the commercial real estate business have been operating in the metaverse for decades without even realizing it.
The strength of the US dollar will help maintain a robust commercial real estate capital market - by...
August 23, 2022
As the US economy is arguably in a recession and the Federal Reserve’s policy in the near term is to continue forward with Quantitative Easing or QT, the strength of the US dollar should help maintain a relatively strong commercial
Quantitative tightening’s anticipated effect on commercial real estate capital markets - by Michae...
May 24, 2022
To shore up financial markets during the COVID-19 pandemic, the Federal Reserve took the approach of lowering the Federal Funds rate effectively to
New York’s “6th borough,” South Florida, is going through a modern-day renaissance - by Michae...
February 22, 2022
It is very difficult today to discuss New York real estate without discussing South Florida. Historically, South Florida has been an area where many New Yorkers have owned
There are opportunities and innovations emerging in real estate’s post-pandemic environment - by M...
November 23, 2021
Now that we are in the tail-end of the COVID-19 health crisis, there are many new opportunities that have emerged in the commercial real estate space. In most New York City submarkets, multifamily rents and
BRP Companies breaks ground on Archer Towers
November 2, 2021
Queens, NY BRP Companies broke ground on Archer Towers, a planned 24-story, 542,000 s/f mixed-use development in the Jamaica neighborhood. The Urban Investment Group within
The state of the NYC commercial mortgage market 18 months into the COVID-19 health crisis - by Micha...
August 24, 2021
The current commercial mortgage market in New York City is the most attractive it has ever been for borrowers taking out new loans on quality assets. Mortgage rates are
Big Tech’s increasing employment footprint is going to lead NYC’s post-pandemic recovery - by M...
May 18, 2021
Big Tech companies need to be in locations that house and retain large pools of highly educated and ambitious employees. These companies have seen exponential growth over the past decade and
Equip your property’s digital infrastructure to outperform competition in a post-pandemic world - ...
February 16, 2021
Properties equipped to accommodate the rapid acceleration of the Digital Revolution will outperform the market in a post-pandemic world.
Areas of strength in the NYC commercial real estate market during the COVID-19 health crisis - by M...
October 20, 2020
There are many sectors of the New York City commercial real estate market that are performing well. Industrial real estate has been strong, along with class A and B multifamily, retail in lower and middle income neighborhoods, small floor plate office buildings in residential areas, and self-storage. According to the New York Times, roughly 420,000 or 5% of New Yorkers left the city from March 1st, 2020 to May 1st, 2020, and most of the residents that left are residents of the city’s highest income areas.
Impact investing: An approach for strong risk adjusted returns in real estate - by Michael Zysman
July 21, 2020
There are many investors that have been on the sidelines waiting for distressed opportunities. Unfortunately, distressed opportunities will be limited in this cycle due to the government’s quick and effective intervention by bailing out the banking system, publicly
PPPs will be an important part of the capital stack for real estate development projects - by Michae...
April 21, 2020
A good portion of the real estate development projects I work on at City Bay Capital have some level of Public-Private Partnership (PPP) in their capital stack. Development projects may contain one or many of the following government programs: tax abatements,
Why the next real estate downturn might be less distressed opportunities than the 2008 and 1986 - by...
January 21, 2020
Why the next real estate downturn might be less distressed opportunities than the 2008 and 1986 downturns.