Author Archives: marcusmillichap

Hessam Nadji is…

CMBS Lending Recovering Some Momentum; New Issues Solve Risk-Retention Matter

September 19, 2016 Commercial mortgage-backed security (CMBS) financing slowed dramatically in the first half of 2016 as volatility roiled the debt markets. In addition, new rules governing CMBS issuance that take effect at the end of this year also created uncertainty in the marketplace. However, the first CMBS offerings that comply with Dodd-Frank risk retention […]

Payroll Sets Moderate Pace in August Likely to Restrain Fed Rate Increase

September 2, 2016 The U.S. labor market produced a “Goldilocks” moment in August: Hiring was neither too hot nor too cold. Modest payroll growth last month reaffirms the sound state of the U.S. labor market and raises questions regarding whether the Federal Reserve needs to raise its benchmark interest rate when it meets Sept. 20-21. […]

Elevated Home Sales Push Pricing, but Falling Homeownership Rate Boosts Rental Demand

August 29, 2016 Existing single-family home prices marked moderate gains in July, moving back into alignment with the pre-recession peak. Though home prices ticked up, existing home sales dipped for the first time since November 2015 as limited available inventory weighed on further progression, keeping many households in apartments. Steady job creation over the last […]

Shopping Centers Repurpose for Digital Age; Evolving Landscape Spawns Development Slowdown

August 18, 2016 A sizable gain in e-commerce sales last month further illustrates the emergence of Internet-based commerce as a substantial force that is prompting a response from shopping center owners and developers. The continuing migration of sales online and shrinking footprints of many retailers are encouraging efforts to not only backfill vacant spaces but also […]