Martie: In New Jersey, the Glass Is Definitely Half Full

Robert (“Bob”) Martie, executive vice president of the New Jersey Region for Colliers International, says that despite the economic unknowns—the ongoing European debt market crisis and the upcoming U.S. presidential elections—what’s happening in New Jersey today versus during the economic downturn of 2009 is profoundly different and positive. Although things are slow, Gov. Christie and his administration have had a positive impact through the provision of development incentives and an improvement to the state’s reputation. Population is growing and New Jersey has seen job growth over the last nine consecutive quarters.

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Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

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