CBRE, Dallas, said the technology industry led a rebound in U.S. office-leasing activity this year, fueled by increased hiring and demand for tech products and services.
Category: News and Trends
Dealmaker: Merchants Capital Secures $71M for Missouri Mixed-Use Property
Merchants Capital, Carmel, Ind., secured $71 million for Wildhorse, a market-rate mixed-use apartment and retail development in Chesterfield, Mo.
Industry Briefs Nov. 1, 2021
The Consumer Financial Protection Bureau and the Department of Justice, in cooperation with the Office of the Comptroller of the Currency, alleged Trustmark National Bank of Jackson, Miss., engaged in redlining against Black and Hispanic neighborhoods in Memphis, Tenn.
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“Over the past year, the tech industry has proven to be a resilient industry that grew throughout the pandemic. Many tech companies are, like other industries, embracing hybrid work formats to provide their employees flexibility. But the industry also values the collaborative environment of the physical office and its role in bringing employees together to foster innovation.”
–Colin Yasukochi, Executive Director of the CBRE Tech Insights Center.
MBA Announces 2022 Affordable Homeownership Advisory Council
The Mortgage Bankers Association announced members of its 2022 Affordable Homeownership Advisory Council.
Sam Verma of Peoples Processing: Automation–A Critical Element for the Emerging Non-QM Sector
Against the background of plummeting refinance activity, there has been a growing level of competition to service limited loan volume. Coupled with the tighter business conditions, market norms have rapidly changed, and so have the borrower profile. These changes have been encouraging lenders to consider getting into the Non-QM space to ensure smooth business continuity.
Worried about Tapering? Chris Bennett Says ‘Relax’
It’s not often the mortgage industry plays coy when it comes to certain topics, but currently, there are rumblings about the T-word – tapering. There’s a couple of misconceptions about tapering and what that might mean, especially for mortgages and mortgage-backed securities. Let’s clear those up.
Wuthering Heights: Rent Control Proposals Make the Rounds
Many would agree that commercial real estate has not had a classic economic downturn since the Great Recession. That is important to consider in business planning generally, and specifically as apartment rents increase across the country.
MBA Lends Support for Bill that Would Curb IRS/Treasury Account Queries
The Mortgage Bankers Association sent a letter of support this week To Sen. Tim Scott, R-S.C., who introduced a bill would prevent the Internal Revenue Service and the Treasury Department from imposing unusual reporting requirements on financial services providers to track and submit customer account information.
ULI Survey Finds Continued Commercial Real Estate Optimism
Most commercial real estate indicators should return to pre-pandemic levels by 2023, the Urban Land Institute said in its latest semiannual survey.