TO SAY THAT 2021 was a year that had an unrelentingly break-neck speed of a news cycle would be an understatement, and there was no shortage of stories capturing the attention of Canadian financial journalists (or any journalist for that matter).
WHEN YOU THINK OF AN INTERNET SPAT between two opposing viewpoints, you probably wouldn’t expect a crown insurance lending corporation and a few major real estate companies to be at the center of it. Then again, you also probably wouldn’t expect an unprecedented global pandemic of COVID-19’s scale, which was enough to push the Canadian … Continue reading Evan Siddall Versus the World: A Summary of the 2020 CMHC Saga
Easy come, easy go: Amazon cancels plans for Long Island City — but what does this mean for the office it’s leaving behind? Photo Credit: Jeffrey Zeldman. In February 2019, Amazon, Inc. (Amazon) officially broke it off with Long Island City (LIC), cancelling previously announced plans to construct a 4.0 million-square foot (sf ) campus in the city’s … Continue reading Queen for 90 Days — What’s Next for Long Island City’s One Court Square?
Introduction The store closures announced by Shopko will likely have a minimal impact on commercial mortgage-backed securities (CMBS) in aggregate; however, DBRS, Inc. (DBRS) does see the potential for localized defaults as the company rejects leases across the country. In addition, the closures highlight the risk of exposure faced by retailers owned by private … Continue reading Monitoring “The Stuff That Counts”: Shopko’s Closures Minimally Affect CMBS Transactions