MBA, Trade Groups, MAA Urge Congress to Support Section 1031 Like-Kind Exchanges, Industry Tax Priorities
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.
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.
CoreLogic: Hurricane Ida Leaves $27-40 Billion in Losses
CoreLogic, Irvine, Calif., estimated residential and commercial wind, storm surge and inland flooding loss estimates for Hurricane Ida in Louisiana, Mississippi and Alabama at $27-$40 billion.
Personnel News From Greenberg Traurig, Colliers
Law firm Greenberg Traurig LLP added R. David Walker as a shareholder to its Real Estate Practice.
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.
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.
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.
