The American landscape is comprised of a host of neighborhoods and communities in all shapes and sizes – large, thriving metropolitan areas like New York and Chicago, rural villages like those nestled in the mountains of West Virginia, beachside oases dotting the picturesque coasts of California and Florida, and scenic farming homesteads like those located on the rugged acreage of New England.
The market for commercial mortgage- backed securities (CMBS) was transformed with new rules that address the problem of systemic risk. Mandatory Dodd-Frank compliance by originators of bonds made up of commercial property mortgages began, including a new requirement forcing loan originators to keep a piece of every CMBS issued for a period of five years. From Commercial Connections, Winter 2017.
We’ve entered a new year, and there is no doubt about it, changes are on the horizon. 2017 will be a year of transition, not only within the political and policy arenas, but also within our own arena. Real estate practitioners – brace yourselves! There is a revolution brewing on almost every level of organized real estate, whether legislative, technology, or market forces drive it. These winds of change mandate REALTORS® to work vigilantly to ensure our interests be safeguarded. Change and transition can seem formidable, but REALTORS® cannot be daunted.
The retail sector occupies a huge part of the U.S. economy, directly affecting office, industrial, land, and multifamily sectors of the commercial real estate market. According to The International Council of Shopping Centers (ICSC), 1-in-11 jobs are related to shopping centers and retail is the largest employer in more than half the states in the U.S.