Category: News and Trends

At the MBA Commercial Real Estate/Multifamily Finance Board of Governors meeting on October 20, incoming Chair Bob Stout (Q10), Vice Chairs Tom Dennard (Grandbridge) and Byron Boston (Dynex), and other members of COMBOG led a broad discussion on current commercial/multifamily issues and MBA business impacting the industry.

Despite an economic slowdown in some areas of the country, both the industrial and office sectors performed strongly in the third quarter, reported Cushman & Wakfield, New York.

Institutional-quality real estate returned 3.09 percent in the third quarter–1.22 percent income return and 1.86 percent capital appreciation return–comparable to its 3.14 percent second quarter return, said the National Council of Real Estate Investment Fiduciaries’ Property Index.

Greater Boston’s office market closed its tenth straight quarter of growth, but at a much slower pace than the scorching second quarter, Transwestern reported.

Originations for commercial real estate loans under $5 million rebounded in the second quarter, reported Boxwood Means, Stamford, Conn.

Investors show significant interest in buying and building hotels as the sector continues to thrive, reported Lodging Econometrics and the North American Tourism and Hospitality Investment Conference.

The same positive economic trends moving the Federal Reserve toward increasing interest rates are lifting commercial real estate performance, reported Marcus & Millichap, Calabasas, Calif.

SAN DIEGO–The Mortgage Bankers Association presented Dan Phelan, CMB, CRI, CCMS, with its E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award.

SAN DIEGO–The current market holds more opportunity for mortgage companies of all sizes than any time since before the financial crisis, said Quicken Loans Founder and Chairman Dan Gilbert. 

SAN DIEGO–The American people deserve a better, more responsive mortgage finance system, said White House Senior Policy Advisor Michael Stegman. But, he said, that will not come from recapitalizing and releasing Fannie Mae and Freddie Mac from conservatorship.