Commercial/Multifamily Briefs

CBRE Group, Los Angeles, completed its previously announced acquisition of Heery International Inc., Atlanta, the project management and design engineering business of Balfour Beatty LLC.

CMBS Supply/Demand Stable; Delinquency Rate Drops

Commercial property market supply and demand fundamentals remained relatively stable in the second quarter, reported Moody’s Investors Service, New York.

MBA Letter Cites Concerns over Proposed Tax Bill

The Mortgage Bankers Association, in a letter to the House Ways and Means Committee, expressed concerns that key provisions of tax reform legislation could substantially affect the ability of homeowners and the overall economy to benefit.