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 | The improving economy and job creation mean growing demand for commercial real estate,according to the National Association of Realtors®. Lawrence Yun,NAR chief economist,said job creation will be the biggest factor moving forward. “Job growth creates demand for commercial space,and the economy should be adding between 1.5 million and 2 million jobs [...] First quarter 2011 commercial and multifamily mortgage originations were 89 percent higher than during the same period last year and 25 percent lower than during the fourth quarter of 2010,according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The decrease from fourth quarter 2010 reflects the industry’s usual push [...] Dennis Norman According to a report issued by the Mortgage Bankers Association,Commercial and multifamily mortgage origination volumes decreased 46 percent in 2009. Commercial banks and savings institutions were the largest single investor group for commercial and multifamily mortgages –responsible for $19.8 billion,or 24 percent,of the closed loan volume. Multifamily properties [...] Dennis Norman Every facet of the apartment industry was touched by the Great Recession in 2009,according to the NMHC 50,the National Multi Housing Council’s annual ranking of the 50 largest apartment owners and the 50 largest apartment managers. “Apartment sales transaction volume plummeted,”noted Mark Obrinsky,NMHC Chief Economist. “Only $14 billion [...] Dennis Norman Wells Fargo Bank was the top commercial/multifamily originator in 2009,according to a set of listings released by the Mortgage Bankers Association (MBA). Other originators in the top 10 include: PNC Real Estate;Deutsche Bank Commercial Real Estate;CBRE Capital Markets,Inc.;HFF L.P.;Prudential Mortgage Capital Company;Meridian Capital Group;MetLife;[...] Dennis Norman The Mortgage Bankers Association (MBA) released its report on the performance of commercial and multifamily mortgages in the fourth quarter of 2009. Their last report from a year ago showed that commercial and multifamily mortgages were among the best performing loans held by banks and thrifts. Now,a year later,the data [...] | ||||
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