Ahead of committee action in Congress this week on major infrastructure and economic legislation, the Mortgage Bankers Association and more than three dozen industry trade groups, as well as MBA’s grassroots advocacy arm, the Mortgage Action Alliance, urged senators and representatives to support and defend the real estate finance industry’s tax priorities.
Category: News and Trends
ULI: Broadband Can Improve Real Estate Development
The real estate industry can boost property values and combat inequality by improving broadband access, said the Urban Land Institute, Washington, D.C.
Trepp CRE Survey Finds Mix of Hope, Concern
Commercial real estate executives have a partly sunny outlook about the U.S. economy and CRE fundamentals but report some structural concerns, said Trepp LLC, New York.
Dealmaker: Berkadia Secures $86M for Virginia Multifamily Property
Berkadia secured an $86 million loan to refinance Meridian at Braddock Station, a 480-unit high-rise multifamily property in Alexandria, Va.
Real Estate Investment Trusts Poised For Recovery
S&P Global Ratings, New York, said real estate investment trust earnings rebounded significantly in the second quarter, demonstrating the sector is on the right path for a solid comeback.
Many Markets See Commercial Real Estate Values Return to Pre-Pandemic Levels
Commercial real estate values have returned to pre-pandemic levels in many U.S. markets, continuing a recovery that began at year-end 2020, said CBRE, Dallas.
Commercial/Multifamily Briefs From Walker & Dunlop, S&P Global Ratings
Walker & Dunlop, Bethesda, Md., agreed to acquire Alliant Capital Ltd. and its affiliates, Alliant Strategic Investments and ADC Communities.
Personnel News From Greenberg Traurig, Colliers
Law firm Greenberg Traurig LLP added R. David Walker as a shareholder to its Real Estate Practice.
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.