Victor Whitman is chief reporter at Scotsman Guide Media.
Reach him at (800) 297-6061 or email@example.com.
Chairman, JLL Hotels & Hospitality Group
“On average, commercial property
pricing has barely budged over the
past year, but the average masks big
differences across property sectors.”
Senior analyst, Green Street Advisors.
“The [hotel] industry is flooded with
available capital for acquisitions,
from public and private REITs,
private investors, family offices
and offshore investors.”
After ticking up this past April, the commercial
mortgage-backed securities (CMBS) loan-delinquency
rate fell 16 basis points, to 2.81 percent, as of this past
May, Fitch Ratings reported. Loans tied to retail assets
continued to have the highest delinquency rates.
Source: Fitch Ratings CMBS: commercial mortgage-backed securities
CMBS-Loan Delinquency Rates
By Asset Class as of May 2018
Scotsman Guide News
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Los Angeles was judged the least-affordable
American city for renters by Zillow as of the end
of first-quarter 2018. Rents in the city required a
median monthly payment of $2,759, representing
nearly 48 percent of the area’s household median
income. The next city on the list was Miami-Fort
Lauderdale, where the median rent payment of
$1,867 represented 42 percent of the median
household income in that area.
LA is the most
expensive city for renters
The Least Affordable U.S. Cities for Renters*
*Based on the share of the median
household wage needed to afford
the median rent in each city as of
the end of first-quarter 2018.