Practical perspectives on CRE underwriting, portfolio risk, capital markets, development feasibility, governance, and institutional decision-making.
Explore firsthand lessons, market analysis, and decision-focused insights shaped by experience across CRE lending, workouts, Federal Reserve supervision, and enterprise credit-risk leadership.
Firsthand perspectives on the credit decisions, control failures, market shifts, and governance challenges that shape institutional CRE risk.
A firsthand account of how rapid growth, weak controls, and delayed recognition allowed CRE credit weakness to become institutional risk.
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Analysis and firsthand perspective across CRE credit, risk management, development, capital markets, governance, and institutional decision-making.
Treasury yields and corporate credit spreads moved higher, tightening CRE refinance economics while CMBS delinquency and special servicing remain elevated.
Treasury yields and corporate credit spreads moved higher, tightening CRE refinance economics while CMBS delinquency and special servicing remain elevated.
For more than a decade, Conference Room B sat directly across the hall from my office on the 31st floor of SunTrust, now Truist, Tower in Atlanta. The decisions, debates, relationships, and knowledge transfer inside that room shaped how I think about commercial real estate lending, credit risk, underwriting, portfolio management, and the work I am building today through LakeRock.
Treasury yields and corporate credit spreads moved higher, tightening CRE refinance economics while CMBS delinquency and special servicing remain elevated.
July construction prices reaccelerated even as headline inflation remained comparatively stable. The August 2026 Monitor examines the implications for CRE operating expenses, development feasibility, NOI, construction budgets and refinance risk.
Treasury yields moved modestly higher while CMBS special servicing improved, creating a mixed signal for CRE refinancing, valuation, maturity risk, and capital planning.
Long-form analysis on commercial real estate underwriting, credit risk, development feasibility, governance, portfolio management, and lessons across market cycles.
July construction prices reaccelerated even as headline inflation remained comparatively stable. The August 2026 Monitor examines the implications for CRE operating expenses, development feasibility, NOI, construction budgets and refinance risk.
A first-person account of how rapid growth, weak controls, hidden credit deterioration, and delayed risk recognition contributed to the failure of the Bank of New England—and the CRE risk disciplines that still matter today.
A commercial real estate project can have strong demographics, credible demand, and an experienced development team — and still fail. This case study examines what happens when construction cost, required rent, tenant economics, and financing no longer align.
Track Treasury yields, SOFR, credit spreads, CMBS stress, refinancing pressure, and the market signals shaping commercial real estate underwriting and capital decisions.
Treasury yields and corporate credit spreads moved higher, tightening CRE refinance economics while CMBS delinquency and special servicing remain elevated.
Treasury yields and corporate credit spreads moved higher, tightening CRE refinance economics while CMBS delinquency and special servicing remain elevated.
Treasury yields and corporate credit spreads moved higher, tightening CRE refinance economics while CMBS delinquency and special servicing remain elevated.
Monitor construction inputs, labor, utilities, property operating expenses, and other cost pressures affecting development feasibility, underwriting, cash flow, and capital requirements.
July construction prices reaccelerated even as headline inflation remained comparatively stable. The August 2026 Monitor examines the implications for CRE operating expenses, development feasibility, NOI, construction budgets and refinance risk.
Inflation cooled in June, but CRE cost pressure remains uneven. The July CRE Property and Construction Cost Monitor examines how property expenses, lease economics, construction inputs, development feasibility, NOI durability, and refinance assumptions are interacting across the commercial real estate market.
June’s Monitor examines rising inflation, construction inputs, property operating expenses, development feasibility, and refinance risk.
Discuss a CRE credit, portfolio, investment, development, or underwriting-governance need with LakeRock Capital.