Economic uncertainty is changing lending practices, but that doesn’t mean there isn’t financing available for commercial real estate in Los Angeles. The trick, though, is finding that financing and getting the right terms. “Whatever underwriting people were using in January and February has clearly changed now,” said Kevin Shannon, co-head of capital markets at Newmark Knight Frank. “The loan terms — they are getting so dramatically different from what they were.

In violent storms, cracks in vessels suddenly reveal themselves. The same can be said for the nation’s commercial mortgage-backed securities market, as it faces a month of wider spreads and liquidity fears.  The pain points emerging are not a surprise to Mosaic Real Estate Investors’ Ethan Penner, who is credited with creating the CMBS market for commercial real estate some 30 years ago.  He thinks the whole system needs an update.

One would be willing to wager that Las Vegas, a town that lives and breathes hospitality, would be doomed in a total shutdown from a global pandemic. But, as it turns out, that’s a sucker bet. In a city that likes the gamble, a number of the major Las Vegas property owners and investors have been more conservative than in the past,

California, like many other states, has shut down its economy to slow the spread of the coronavirus, causing heightened volatility in every market and uncertainty as to how long it will last. Executive orders and unprecedented measures from state and local officials are mounting almost every day, adding layers of consequences to real estate markets and the rest of the economy.