Law firm Greenberg Traurig LLP added R. David Walker as a shareholder to its Real Estate Practice.
Category: News and Trends
CREF Policy Update Sept. 9, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Quote
“Today, following years of careful legislating and regulatory rulemaking, section 1031 supports job growth, creates a ladder of economic opportunity for small businesses, cash-poor entrepreneurs, and farm, ranch, and forest owners, and constitutes an important tool for the environmental conservation of land for future generations.” –From an MBA/trade group letter to Congress urging lawmakers to preserve current law as it pertains to section 1031 real estate like-kind exchanges.
Administration Announces Steps to Increase Affordable Housing Supply
The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.
CFPB Proposed Rule Focuses on Small Business Access to Credit
The Consumer Financial Protection Bureau on Wednesday proposed a new rule aimed at increasing transparency in the small business lending marketplace.
Hybrid Work Arrangements Unlikely to Stress Office Sector
Moody’s Analytics REIS, New York, said the office sector is unlikely to see a massive decline in demand for space and values per square foot due to increased hybrid work-from-home arrangements.
Personnel News From JLL, Lument
JLL Capital Markets, Chicago, hired Melissa Marcolini Quinn and Lee Weaver as Senior Managing Directors to oversee their respective office’s debt and equity platform.
Office Market Seeing Nascent Recovery
Activity in the 12 largest U.S. office markets indicates many have started their recovery from the pandemic-induced downturn, reported CBRE, Dallas.
Fitch Ratings: Small U.S. Banks Most Exposed to Commercial Real Estate Losses
Fitch Ratings, Chicago, said the U.S. commercial real estate market will likely see deteriorating credit metrics once stimulus measures wind down and forbearance programs expire, with smaller CRE-concentrated banks more susceptible to elevated losses, which are expected to peak below levels seen in the past.
Optimistic Commercial Real Estate Outlook Varies by Sector
Commercial real estate executives have an optimistic but staggered outlook for the next 12 months, reported Transwestern, Houston.