Market Commentary & Research
Independent, rigorous analysis on U.S. credit markets, Treasury rates, SOFR, and the macro forces driving CMBS, structured products and commercial real estate.
S&P 500
7,580.06
+0.22% ↑
DJIA
51,032.46
+0.72% ↑
NASDAQ
26,972.62
+0.20% ↑
VIX
15.32
2.67% ↓
10-YR TREASURY
4.45%
+0.00% ↑
SOFR
3.63%
+0.28% ↑
S&P 500
7,580.06
+0.22% ↑
DJIA
51,032.46
+0.72% ↑
NASDAQ
26,972.62
+0.20% ↑
VIX
15.32
2.67% ↓
10-YR TREASURY
4.45%
+0.00% ↑
SOFR
3.63%
+0.28% ↑
S&P 500
7,580.06
+0.22% ↑
DJIA
51,032.46
+0.72% ↑
NASDAQ
26,972.62
+0.20% ↑
VIX
15.32
2.67% ↓
10-YR TREASURY
4.45%
+0.00% ↑
SOFR
3.63%
+0.28% ↑
S&P 500
7,580.06
+0.22% ↑
DJIA
51,032.46
+0.72% ↑
NASDAQ
26,972.62
+0.20% ↑
VIX
15.32
2.67% ↓
10-YR TREASURY
4.45%
+0.00% ↑
SOFR
3.63%
+0.28% ↑
Market Perspectives & Commentary
Independent analysis on CMBS, commercial real estate, and the macro
forces shaping U.S. credit and capital markets.
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Edward Shugrue III on the Waldorf Astoria Sale and a Rare Moment for Global Capital
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How Edward Can Help
ADVISORY
Direct engagement for institutions and professionals seeking expert perspective on their existing or future investments in commercial real estate and structured credit products such as CMBS. Analysis includes: valuation, transaction structuring, pricing and risk evaluation, market conditions, and capital strategy and allocation.
Portfolio Construction
Strategic guidance on credit markets and investments such as CMBS, structured products and commercial real estate (direct and through funds), grounded in decades of institutional investment and experience.
EDWARD L. SHUGRUE III
A CREDIT & CMBS INVESTOR WITH DECADES OF EXPERIENCE
Mr. Shugrue has over 30 years of commercial real estate investing, lending and restructuring experience as an owner, lender and advisor. Prior to joining RiverPark in November 2018, Mr. Shugrue served for 15 years as the CEO of Talmage (and its predecessors), an investment manager and special servicer in the CMBS and commercial mortgage loan industry with over $12 billion of relevant investment experience and over $40 billion of CMBS Special Servicing resolutions. He began his career on Wall Street at Bear Stearns and worked for such luminary investors as Sam Zell and Jay Pritzker. He is a guest lecturer at the Harvard Business School and a graduate of the University of Pennsylvania with a degree from the Wharton School.
Lets Dive Into My Journey
30+ YearsExpertise
RiverPark FundsPortfolio Manager
Based inNew York
You Might Have Seen Me On
Wisdom - Guest Lecturer Harvard Business School “The Perfect Storm” - 2026
Navigation - Helmsman D1 Mariska Winner 2025 Monaco Classic Regatta
Teamwork - Largest Atlantic Salmon 2025 Alta, Norway - 52 pounds
Risk Management - 1,500 mile sail from Mallorca to Grand Canary 2025
LET'S START A
CONVERSATION
Whether you are seeking independent market perspective, advisory services, or simply want to
follow Edward's latest insights the conversation starts here.