Commerical Mortgage Backed Securities creation has tanked 85%

 According to this report by The Real Deal, the total amount of CMBS bonds created has dropped by 85% from a year ago.  Los Angeles and Orange County have loans on 400+ commerical properties maturing this year (2023), meaning new financing a much high interest rates for property owners.  This short article, from Feb 22, 2023, says that new commerical real estate deals (big enough to require CMBS financing, I'm assuming) has basically ground to a halt.  This report was three weeks ago, before the collapses of Silvergate, Silicon Valley Bank, Signature bank, and the current floundering of Credit Suisse in Europe.  I think it's safe to safe there will not be many large building deals happening anytime soon.

This is why I've been drawn to blog on this subject.  I'm not an expert, I am quite the opposite.  I spent over ten years on the East Coast,  driving past post-apocalyptic looking factories, warehouses, and other large empty buildings.   The there's the well known rise in dead malls, and the Retail Apocalypse, which has closed down way over 20,000 retail chain stores in recent years.  

I keep wondering how we can put some of these facilities to a better, profitable, and productive use in the years ahead.  My reason for writing this blog is to dig into this whole issue of finding new uses for old and abandoned properties.  I'm not going to look just at the mega-deals open to the super wealthy, but also to the possible rehabilitation of all kinds of offices, retail storefronts, industrial buildings, homes, and other properties that are now empty, or soon to be empty, around the country.  This is a HUGE trend throughout the U.S., and probably many other countries.  So I'm going to look at what different people have already done to repurpose buildings, the Big Picture (economy, recession, where we're headed), and see what other potential ideas I may come up with, to make good use of empty and unused buildings of all kinds.  That's the basic plan to get this blog started... after getting sidetracked with the bank collapses.  

Check out the Adaptive Reuse SoCal Pinterest page... it's already pretty weird