CRE, land, and development finance
Commercial & land desk
The commercial and land desk follows Treasury yields, bank lending standards, and public CRE series. It is market commentary, not a brokerage or construction-loan shop.
Last updated:
- Office, industrial, retail
- Multifamily finance
- Land and development
- Treasury and credit conditions
Latest from this desk
August 30, 2026
Friday’s 10-year CMT closed at 4.73%. That Treasury print, not a lender teaser, is still the reference for takeout cost, land basis, and the next bid on income property.
August 29, 2026
Treasury’s 10-year CMT closed Friday at 4.73%. That print, not a weekend rumor, is still the takeout reference after Warsh.
August 28, 2026
Friday’s Jackson Hole keynote can reprice the 10-year by the close. A marketing NOI package cannot. CRE still needs takeout that exists.
August 26, 2026
July PCE at 3.7% is an inflation input for the 10-year. Land basis and CRE takeout still follow Treasuries, not a teaser rate.
August 24, 2026
August flash PMI at 56 is a demand-activity read. CRE and land still price off takeout cost and Treasuries, not a brochure cap rate.
The other desks
Stay on the desks, the dated notes, and the educational explainers. None of these pages is an application.
Mortgage Rates Sit at 6.81% Heading Into a Jobs-Heavy Week National 30-year index as of 2026-08-28.
National mortgage indexes and what they mean for buyers and owners
Existing-home turnover, new supply, and the lock-in effect
Vacancy, rent, and the operating brief
Operators should read Census vacancy and BLS rent of primary residence against a three-week-high purchase rate. Turnover math changed. Marketing copy did not.
Existing-home turnover stays pinned to the 6.81% 30-year. The official housing series to watch this week are Census construction prints and the next existing-home sales release — not a teaser lock.