Weekend Interview: Swire President Henry Bott On Miami’s Growth And Building A New Hub Of Finance

July 7, 2023 / no comments

This series goes deep with some of the most compelling figures in commercial real estate: the deal-makers, the game-changers, the city-shapers and the larger-than-life personalities who keep CRE interesting.
Henry Bott has been embracing the Miami lifestyle since he moved to its Brickell neighborhood in January after being named president of Swire Properties.
He spends time outside with his two kids and explores the food scene on Saturdays with his wife, but he’s been having trouble finding the time to get outside of Brickell, where Swire has been developing properties since 1979 and recently announced two new projects.
Bott runs the U.S. real estate arm of Swire Properties…

$103B In CMBS Loans Maturing This Year To Test ‘Extend And Pretend’

July 7, 2023 / no comments

Approximately $103B worth of CMBS loans are set to mature during the second half of 2023, and another $126B is due to mature in 2024, setting the stage for a tumultuous 18 months in the debt market.
New data from Trepp shows the total CMBS debt due in the next 18 months is $232B, while an additional $51.5B of collateralized loan obligations and $27B of agency debt is also due by the end of next year, bringing the total maturing CRE debt for the next 18 months to $310.5B.
The majority of the loans coming due could be in a precarious position — 10-year deals signed in 2013…