Steven Wolgin Presents for Nacore International

US Real Estate Advisors, Inc. Presents For Nacore International Three P’s of Real Estate Presentations: Preparation, Programs & Pictures These Real Estate Executives will delve into their arsenals to present an approach to Real Estate problems/opportunities. Steve Wolgin: Securitization, structured finance of Real Estate Steve Wolgin is a managing director of Odyssey Associates, which provides […]

Wolgin Completes CRE Executive Service Corps Assignment

Wolgin Completes CRE Executive Service Corps Assignment  Original Article As another participant in the CRE Executive Service Corps, Steve Wolgin, CRE, traveled to St. Petersburg, Russia to present a two-day workshop on real estate financing. He addressed members of the St. Petersburg Association of Realtors (SPAR) and representatives from the Russian Guild of Realtors (RGR). […]

Rating Criteria Update

Rating Criteria Update  Original Article Criteria for rating commercial mortgage securities is updated reflecting developments in this sector. The worst-case model component of the criteria is replaced by a more qualitative analysis of the potential risks to the underlying real estate collateral. The use of a predetermined model no longer seems appropriate given unique nature […]

Back to the Future: A Look at Today’s CMBS Market from the Year 2000

Back to the Future: A Look at Today’s CMBS Market from the Year 2000  Original Article The year is 2000. A CMBS investor turns on his computer in the morning to survey the Bloomberg listings and pricings of 40 tranches of previously issued AAA securities and 10 tranches of B piece securities offered for sale. […]

Rating Agencies are Pressed to Keep Pace with Debt Securities

Rating Agencies Are Pressed To Keep Pace With Debt Securities  Original Article Commercial real estate lending is booming again. But this time around something is different: When bankers make commercial loans now, they bundle the expected repayments together and sell them as securities, eliminating from their books the risk of default. Now some analysts are […]

Ten Ways to Structure Deals So They Don’t Blow Up

Ten Ways to Structure Deals So They Don’t Blow Up The major reasons why deals blow up even after being fully underwritten is inextricably tied to how well the originator and the underwriter understand the requirements of rating agencies and B-piece buyers. Unlike portfolio lenders who buy and hold real estate debt for their own […]

REIT-less Developers Scramble for Money

Beside Macklowe Properties Inc., Loeb Realty Corp. has a… Original Article Beside Macklowe Properties Inc., Loeb Realty Corp. has a… Original Article When developer Henry Macklowe filed last May to go public, his registration statement promised he would sell stock as soon as “practicable.” But that day never came. His plans were delayed over the summer when […]

Monmouth Real Estate Investment Corporation Elects Steven B. Wolgin to its Board of Directors

Monmouth Real Estate Investment Corporation Elects Steven B. Wolgin to its Board of Directors Monmouth Real Estate Investment Corporation (NASDAQ/NMS:MNR) announced the election of Steven B. Wolgin to the Company’s Board of Directors. Commenting on the announcement, Monmouth Real Estate Investment Corporation founder and President, Eugene W. Landy, said, “With this election, the Board of […]

Architects Compete for Redesign of Block in Portland’s Old Port

Architects Compete for Redesign of Block in Portland’s Old Port Architects for three Portland firms are competing to redesign a block of commercial buildings on Fore and Wharf streets in the heart of Portland’s Old Port. The buildings, which were foreclosed on in 2011, were purchased in an online auction a year ago. Dream Port […]