Bank failures could begin to percolate across the U.S. due the ongoing tumult in the commercial real estate sector, according to finance experts at Florida Atlantic University (FAU). Dr. Rebel A. Cole, the Lynn Eminent Scholar Chaired Professor of Finance in FAU’s...
There was more troubling data from the commercial real estate industry: Trepp Inc. reported its CMBS Special Servicing Rate climbed 31 basis points in June to 6.42%, marking the fifth increase in a row and the third largest this year. The rate was at 5.17% six months...
Fitch Ratings reduced its 2023 outlook for the U.S. real estate investment trust (REIT) sector outlook from “Neutral” to “Deteriorating,” citing the tumult in the commercial real estate space. While Fitch noted that most of its rated REITs...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
