|
|
|
|
|
Volume 2 - Number 15 | August 15, 2005
|
TOP STORY: Key CMBS Credit Issues Weaken; B-Piece Buyers Pull Back
By Erika Morphy
CMBS volumes continue to break records—and key credit metrics continue to weaken, according to the latest Moody's Investors Service quarterly CMBS update. While these trends have been apparent for some time, some observers believe they are starting to see the first signs of pullback from B-piece buyers, as well as a new rectitude on the part of lenders.
|
 |
INSIDER: Marcus & Millichap's Greg Miskovsky
By Benjamin Mark Cole
As one-stop shops become increasingly popular—such as CB Richard Ellis' recent move to put some of its financing operations under the same roof as its brokerage—it seems that Encino, CA-based Marcus & Millichap Capital Corp. is well-positioned. The organization, a subsidiary of Marcus & Millichap Real Estate Investment Brokerage Co., straddles the divide between lenders and more than 850 brokers scattered across the country, almost half of them in the multifamily area.
|
|
TRIA Uncertainty Already Affecting Availability of New York P&C Insurance
By Erika Morphy
Just about everybody in the real estate industry has been watching the ongoing debate in Congress over the renewal of the Terrorism Risk Insurance Act, currently set to expire Dec. 31. The federal backstop put in place in 2002 is widely acknowledged to have provided price stability and capacity for terrorism insurance in the United States. Without this assurance of support from the federal government, proponents of the act and insurance industry representatives say a terrorism event is impossible to predict, and thus, underwrite—and could have big effects on the financing arena as owners find property and casualty insurance difficult and costly to obtain.
|
|
What's Hot, What's Not: Job Market...Industrial Sector...New MSAs
By Erika Morphy
Not surprisingly, hiring in the commercial real estate sector is hot. But that doesn't mean that job-market standards are slipping as CMBS firms, commercial mortgage banks, insurance companies, commercial banks, private developers, REITs, brokerages and private equity investment firms scramble to secure talent, according to Bill Ferguson, chairman and CEO of Ferguson Partners, part of the executive search and consulting firm FPL Advisory Group.
|
|
|
|
|
|
|
|
|
