Blog
Blog (12)
June 22, 2026
Former Fed Chair Alan Greenspan (1987-2006) died yesterday at 100. He served under four presidents and oversaw the largest expansion of the U.S. economy led by a remarkable bull-market fueled by low interest rates and low unemployment. He may be best remembered for coining the phrase “Irrational Exuberance” to describe the dot com bubble in […]
June 18, 2026
Leading his first FOMC meeting, Chairman Warsh walked a tightrope, voting with his unanimous board to hold rates steady at a target range of 3.5% – 3.75%. Equities slumped on the news and the 10 Year Treasury held steady at 4.45%. However, the forward curve suggests a quarter point increase by year-end and possibly as […]
June 9, 2026
The iconic office tower of 1.4 million square feet is nearly 100 years old and is reported as 46% occupied. The Beaux-Arts designed building was acquired by RXR in 2015 for $1.2 billion and recently valued by rating agency S&P at $368 million ($260/sf) less than half of the outstanding debt. The building is considered […]
June 8, 2026
YTD CMBS issuance is $83 billion (+22% YOY) with new estimates of $160 billion for 2026 in-line with $154 billion in 2025. Notably, 55% of issuance was SASB which is outpacing conduit issuance by 3.5x
May 27, 2026
Kevin Warsh (56) voted in as the new Chairman of the Federal Reserve set to lead “A reform minded Fed.” Treasury rates, however, continue to climb with the 10-year at 4.46%.
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