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Remote working has hit buildings in central business districts much harder than their sleepy counterparts in the ‘burbs.

The distress in commercial real estate is growing as some office buildings sell for much lower prices than just a few years ago.

As hopes of interest-rate cuts fade, some commercial real-estate borrowers want to cut loose

Only 3.5% of offices sold last year came from a distressed seller, thanks to optimism and forgiving lenders

With many owners unable to extend their loans, investors are starting to pounce on these properties

S&P Global Ratings Affirms CWCapital Asset Management’s STRONG ranking.

Wanxiang America Real Estate Group, which owns Prudential Plaza in Chicago, had ponied up $40 million of fresh equity to win a two-year term extension of the $385.55 million CMBS loan against the 2.3 million-square-foot office complex.

A recent Commercial Observer forum on capital markets gathered lenders and investors, and found divergent views.

Poor Performance and High Refinancing Costs Spur Owners To Walk Away

Owners are scrambling to pay back lenders, throwing in more cash or facing default

Fitch Affirms CWCapital Asset Management’s Commercial Special Servicer Rating as CSS1-.

Fitch Ratings - Austin - 09 Jun 2023: Fitch Ratings has affirmed CWCapital Asset Management LLC's (CWCAM) commercial special servicer rating at 'CSS1-', and assigned a Stable Rating Outlook.

The term “special servicing” can send a shiver down the spine of some commercial real estate owners, but many don’t have a clear picture of what occurs when a loan goes through that process.

DBRS, Inc. (DBRS Morningstar) assigned an MOR CS1 commercial mortgage special servicer ranking to CWCapital Asset Management.

We are proud to share that our colleague, Brian Hanson, was elected to Mortgage Bankers Association’s 2023 Board of Directors. Brian will collaborate with other Board members to set strategic direction for MBA and oversee management of the association’s affairs.

The Federal Reserve’s Sept. 21 Effective Federal Funds Rate (EFFR) hike surprised no one. Fed chairman Jerome Powell is upfront in that fighting inflation is the prime goal.

There was a big jump in CRE loans on banks’ balance sheets.

Like all of business, nothing is certain, but some pros are eyeing the conditions and readying themselves for an unwelcome surprise.

Borrowers and lenders are optimistic that the sector will pick up momentum as business travel makes a comeback, but questions remain over how that will take place.

Fitch Ratings – New York – 23 May 2022: Fitch Ratings has affirmed CWCapital Asset Management LLC’s (CWCAM) commercial special servicer rating at ‘CSS1-‘.

Fitch Ratings – New York – 24 May 2021: Fitch Ratings has upgraded CWCapital Asset Management LLC’s (CWCAM) special servicer rating.

In their latest joint research, Daniel Warcholak of CWCapital and Victor Calanog, PhD of Moody’s Analytics quantify COVID-driven risks to office markets. Unlike in the hotel and retail sectors, it will take time for office performance metrics to reflect the true impact of the pandemic. This paper presents updated expectations for the office sector: What actually happened in 2020? Where will the distress be felt in 2021?

Victor Calanog, PHD of Moody’s Analytics and Daniel Warcholak of CWCapital, team together again to address the challenges of Covid-19 and the CRE market. How can we reconcile potentially conflicting reports of hundreds of billions of dollars of “dry powder” seeking to invest in CRE deals, and the fact that transaction activity still appears to be severely constrained?

October 14th, 11am ET

Rise in distressed commercial mortgage puts special servicers in demand. “it’s a naturally countercyclical business,” said Alex Killick of CWCapital.

MBA CREF Associate Director Kelly Hamill interviewed Emily Rasmussen, Managing Director of Business Strategy with Harbor Group Consulting, and George O’Neil III, Managing Director with CW Financial Services LLC, about the insurance market during the coronavirus pandemic.

CWCapital in the News Office Markets Under Pressure as Coronavirus Squeezes Cities Companies rethink rented space as remote work takes hold; fears of urban malaise begin to swirl. By Konrad Putzier and Mark Maurer Aug. 4, 2020 8:00 am ET Urban office markets and other commercial real estate in major cities are experiencing their worst stretch in decades, upended by the pandemic, changes in work behavior and struggling city economies. James Shevlin, President of CWCapital, discusses the valuation crisis vs the current liquidity crisis with the WSJ.

In early June, Moody’s Analytics and CWCapital published a paper that provided a sense of where and how distress was manifesting in CMBS markets. Given how the COVID-19 crisis has persisted (and arguably become even worse), we provide an update in this paper on the worst affected property types and geographic markets—and offer our thoughts on how conditions in the CRE debt markets will likely evolve through the rest of the year.

For this paper, Moody’s Analytics collaborated with CWCapital. Will distress become more widespread given the expected duration and depth of this downturn, or will some property types or geographic markets emerge relatively unscathed?

Uncertainty is a fact of life for commercial real estate lenders in the age of coronavirus. In this post, we’ll take a close look at whether insurance coverage can help soften the blow taken by sectors like hospitality and retail.