Personnel News from Berkadia and JLL Valuation Advisory.
Category: News and Trends
MBA CREF Policy Update Aug. 11 2022
The Senate was in session last week, as negotiations continued on a tax and spending deal (including the capital gains treatment of “carried interest”), and the Senate Banking Committee held separate hearings on climate change, and how communities and renters are faring in the housing market, respectively.
Cautious Optimism in Annual Construction Survey
Construction contractors remain cautiously optimistic a year after the industry’s post-pandemic comeback started in earnest, according to the 2022 Marcum National Construction Survey. Contractors reported being buoyed by the federal infrastructure bill, growing backlogs, and other tailwinds.
Dealmaker: JLL Arranges $750M for Life Sciences Campus, Boston Mixed Use
JLL Capital Markets, Chicago, arranged $165 million in refinancing for a San Diego life sciences campus and $585 million for mixed-use development in Boston.
Senate Dems Drop MBA/Trade Group-Opposed Carried Interest Provision in Reconciliation Bill
Senate Democrats last week dropped a controversial carried interest provision in a reconciliation bill that the Mortgage Bankers Association and other industry trade groups said would “cripple the housing recovery.”
Fitch Ratings: U.S. Life Insurers’ Commercial Mortgages Stable Amid Growing Headwinds
Fitch Ratings, New York, said U.S. life insurers’ commercial mortgage fundamentals have largely recovered since the pandemic, with stable property outlooks for hotel, office retail and multifamily sectors.
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“Broadly speaking, the construction industry is finally returning to pre-pandemic levels of activity but is still being hampered by three familiar challenges–labor shortages, material costs and availability, and supply chain issues.”
–Roger Gingerich, Partner with Marcum.
Nicole Malaske Joins MBA as Director of Commercial/Multifamily Finance
Nicole Malaske joined the Mortgage Bankers Association’s Commercial/Multifamily Department as Director of Commercial/Multifamily Finance.
MISMO Launches Updated Commercial Appraisal Dataset Standard
MISMO®, the real estate finance industry standards organization, announced availability of its enhanced Commercial Appraisal Dataset Standard.
Yardi Matrix: Multifamily Outlook Hopeful Amid Volatile Economy
The multifamily market produced exceptional rent growth in the first half of 2022, driven by robust household formation, strong employment growth and households getting frozen out of homeownership, said Yardi Matrix, Santa Barbara, Calif.