CMF Newslinks Archive

“In a year when tax reform is on the menu, lawmakers should consider repealing the Foreign Investment in Real Property Tax Act to unlock billions of dollars for potential investment in U.S. real estate.”–Transwestern Chief Investment Officer Tom McNearney.

“Borrowing and lending backed by commercial and multifamily properties has been strong the first half of this year.” –MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“With May as the exception, we have now seen a decrease in [hotel] room construction totals in three of the last four months.”–Bobby Bowers, Senior Vice President of Operations with STR, Hendersonville, Tenn.

“The office market remained in equilibrium during the second quarter with supply and demand roughly in balance.”–CBRE Americas Chief Economist Jeffrey Havsy.

“The commercial construction cycle has matured and current spending levels have already exceeded the peak reported in 2008.”–Fitch U.S. Building and Materials Handbook.

“A substantial rise in mortgage rates over the first quarter of 2017 was the main driver of declining Apartment Investment Market Index values in all the markets tracked, including nationally. Annually, AIMI has also seen declines, but largely due to increases in multifamily property prices that have outpaced the growth in rents.”–Freddie Mac Multifamily Research and Modeling Vice President Steve Guggenmos

“As property investors increasingly focus on fast-growing ‘18-hour’ cities, both major and secondary markets are experiencing accelerated growth rates. As a result, commercial mortgage-backed securities deals feature a growing volume of loans against properties in those markets.”–Trepp Senior Managing Director Manus Clancy.

“Almost two-thirds of the growth came from increases in multifamily mortgage debt outstanding and 80 percent of that growth came from portfolios and [mortgage-backed securities] and held or guaranteed by federal government agencies and these government-sponsored enterprises.” –MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Almost two-thirds of the growth came from increases in multifamily mortgage debt outstanding and 80 percent of that growth came from portfolios and [mortgage-backed securities] and held or guaranteed by federal government agencies and these government-sponsored enterprises.” –MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“I have worked closely with Brian extensively for many years at MBA and can’t think of a better leader for our industry. He has been active within MBA for more than twenty years as a thought leader in the commercial/multifamily space and as a member of the MBA Board of Directors. He brings technical knowledge, leadership and vision to the role and will clearly be an asset to MBA and the industry as a whole.”–MBA Chairman Rodrigo Lopez, CMB, discussing Brian Stoffers, CMB, Global President of Debt & Structured Finance with CBRE. Stoffers will be Vice Chairman of the Mortgage Bankers Association for the 2018 membership year.