Samantha Rowan

The opportunity is driven in part by what is going on in the debt markets, with financing more difficult to line up for sponsors than in years past. 

While there is financing broadly available, not every project will find it available at a level that is comfortable for its existing owner.

Higher interest rates could also stall efforts to refinance maturing debt.

Federal Reserve chair Jerome Powell also indicated a wait-and-see approach to future increases.  

Cities including New York, Los Angeles, Portland, Seattle, Pittsburgh and Washington, DC, have adopted strategies that will move them toward a carbon-neutral future.

A 25 basis point increase would be a rise in the Federal Funds target rate from its current level of 4.75-5% to 5-5.25%.

One lesson learned from the global financial crisis was that there needs to be a strict chain of control over cash management accounts.

The Boston-based manager still sees difficulty lining up debt for most projects. 

Should the CMBS market be used to resolve potential problems at regional banks, there are questions about how this could play out, however. 

The discounted sale of the class A Los Angeles tower sheds some light on where values are today but does not consider a more normalized working environment.