10Y UST5.18%+1.37%30Y MTG7.03%+1.15%SOFR3.88%+0.26%VNQ$90.99-0.20%XLRE$41.56-0.22%FED FUNDS3.88%
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Commercial Observer

Marco Caffuzzi of Latham & Watkins: 5 Questions

Via Commercial Observer · September 28, 2026
Compiled by Real Estate Trail Editorial · September 28, 2026

Why this matters

Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.

Editorial analysis · Real Estate Trail Editorial

Excerpt from Commercial Observer:
Three decades of negotiating high-profile real estate deals will teach you how to spot a good opportunity, and Marco Caffuzzi found his at Latham & Watkins . This year, the veteran real estate attorney ended his 30-ye…
Read the full article at Commercial Observer →

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