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Poonkulali Thangavelu

New Head of Mortgage Bankers Trade Group Takes Over
John Courson has taken over as president and CEO of the Mortgage Bankers Association (MBA), succeeding Jonathan Kempner. Kempner announced last July that he would be leaving the MBA.
Stephanie Petosa: Loan service companies come to the forefront
Stephanie Petosa has an unusual job. That is, she rates the loan servicing companies, such as Capmark Finance, who service the loans that are pooled into
Economist Sam Chandan Leaves Reis
After more than five years as chief economist with commercial real estate research firm Reis, Sam Chandan, a noted source for industry research and commentary, has moved on.
Holiday Sales Figures Down But Could Have Been Worse
Retailers who were looking for the holiday shopping season to bring some respite will be disappointed, going by one early indicator.
Good Facility Design Incorporates the Outdoors, Says Researcher
Contrary to public perception, residents in seniors housing communities like to spend time outdoors, but often the design of facilities hampers the mobility of older adults, according to Susan Rodiek, a professor of health facilities design at Texas A&M University.
More Developers Abandon Hotel Projects
In a fresh sign of weakness in the hotel sector, the number of guest rooms abandoned in the construction pipeline rose 75% in November, compared with the same period a year ago, according to Smith Travel Research.
Fitch: Commercial Real Estate Loan CDO Delinquencies Down on Loan Extensions
Commercial real estate loan collateralized debt obligation (CDO) delinquencies dropped 33 basis points in November to 2.80% from October levels, according to New York-based credit rating agency Fitch Ratings.
Joint Venture Acquires Self-Storage Portfolio
Sovran Self Storage has acquired a portfolio of four self-storage facilities in a joint venture with an affiliate of Heitman LLC for $26.3 million. The price includes the assumption of a $12.3 million first mortgage.
Delinquencies Tick Up On Construction Loans
The faltering economy has led to a spike in construction loan delinquencies, and the problem could deepen in the near term.
Advantage Renters
The multifamily sector has benefitted by the downturn in the single-family housing market as tighter lending standards help keep potential home buyers
John Lyons: Savills Steps Into Distressed Real Estate Arena
Falling transaction volume, compounded by financial turmoil on Wall Street, is reducing demand for many services provided by investment banking firms,
Commercial and Multifamily Lending Activity Contracts 53%
Mortgage bankers’ originations of commercial and multifamily mortgage loans dropped a whopping 53% in the third quarter compared with the same period of 2007, the Mortgage Bankers Association reports.
Inertia of Buyers and Sellers to End in 2009, Predicts Grubb & Ellis
An end is in sight for the depressed investment sales market, a healthy sign in an otherwise increasingly unhealthy commercial real estate industry, according to brokerage firm Grubb & Ellis.
Shopping Center in Scottsdale Fetches $16.75 Million
In a sign that high-quality properties are in demand, Scottsdale Place LLC, a real estate developer, has sold The Shops at Zócalló, a 26,595 sq. ft. center for $16.75 million.
CB Richard Ellis: Steep Revenue Drop in the Third Quarter
The nation’s largest commercial real estate services firm, Los Angeles-based CB Richard Ellis, has reported a 13% decline in third-quarter revenue from the same period in 2007, and CEO Brett White says that amid deteriorating global economic conditions the company’s transactions have reached a record low.
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