In today’s commercial real estate news, the fashion retailer old guard can’t keep up with nimble newcomers, a forecast on which New York banks will rule the lending roost, and a reminder of the trouble brewing this year for maturing housing loans.
The giant apparel brands of yesteryear are facing looming debt and foreclosures. Trendy “fast fashion” retailers from Europe are outmaneuvering the old stores and replacing them in America’s malls. Eighteen retail and apparel names are labeled as “very high credit risk” by Moody’s Investors Service, the highest since the recession.
An analysis of the banks most likely to be 2017’s largest commercial real estate lenders. Multifamily lending has decreased, causing some of last years large banks to drop in position. The author predicts a rise in smaller, regional banks.
A $90 billion wave of maturing mortgages is set to crash into the commercial real estate market soon. The bonds are a remnant of the housing crises. As delinquencies stack up. it will be harder for homeowners to access capital from banks.