Marcus & Millichap Releases Commercial Investor Sentiment for Third quarter

Hessam Nadji

CALABASAS, CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, reports that commercial investor sentiment remains near an all-time high.

 The firm’s commercial Investor Sentiment Survey Index is calculated quarterly and rose three points to 179 in the third quarter, up slightly from first quarter 2014.

       Marcus & Millichap reports 70 percent of commercial real estate investors who were surveyed plan to increase their commercial holdings over the next 12 months. An additional 24 percent expect investments to remain the same, and four percent expect their real estate portfolio to decrease over the next year. 

       “The Index is at such high levels currently that even if it hovers at this same range, it is a reflection of further occupancy increases, rent growth and value gains,” says Hessam Nadji, chief strategy officer with Marcus & Millichap.

“The fact that commercial real estate investor sentiment remains high is due in large part to the very attractive yields the commercial sector is delivering compared to alternative assets,” Nadji continues.

William E. Hughes

For a decade the Investor Sentiment Survey Index has been a reliable leading indicator of the broader economy. 

“Based on its track record, this reading should result in further strength in the commercial real estate sector into the coming year,” concludes Nadji.  

        “Investors are looking at commercial real estate and recognizing an opportunity to borrow at a very low cost during a time when there is plenty of room for improvement in the financial performance of the asset,” added William E. Hughes, senior vice president of Marcus & Millichap Capital Corp.

        With a tremendous recovery already in its wake, the apartment sector leads the way in confidence among sectors, reporting expectation of a 5.8 percent rise in value over the next year.

In the hotel sector, nearly two-thirds or 62 percent of respondents reveal expectations for hotel values to increase over the next 12 months by an average of 5.3 percent.

The industrial sector shows 69 percent of industrial investors anticipate that the value of their properties will increase, with an average 4.6 percent improvement expected.

       

For a complete copy of the company’s news release, please contact:

Gina Relva,

Public Relations Manager

(925) 953-1716

Mortgage Bankers Association Reports Commercial/Multifamily Mortgage Debt Outstanding Continues to Rise

Jamie Woodwell

WASHINGTON, DC (October 16, 2014) – According to a Mortgage Bankers Association (MBA) report released today, the level of commercial/multifamily mortgage debt outstanding increased by $24.9 billion in the second quarter of 2014, as three of the four major investor groups increased their holdings.  

That is a 1.0 percent increase over the first quarter of 2014.   

Total commercial/multifamily debt outstanding stood at $2.56 trillion in the second quarter.  Multifamily mortgage debt outstanding rose to $930 billion, an increase of $13.0 billion, or 1.4 percent, from the first quarter of 2014.

“The balance of commercial and multifamily mortgage credit has continued to grow and reached another new high in the second quarter,” said Jamie Woodwell, MBA’s Vice President of Research and Economics. 

  “The balance of mortgage debt extended to multifamily apartment owners grew by 1.4 percent during the quarter and now stands 26 percent above the level seen at the end of 2007, prior to the recession.”

For a complete copy of the company’s news release, please contact:

Shawn Ryan

sryan@mba.org

(202) 557-2727

Wyndham Hotel Group Names Barry Robinson to Lead South East Asia, Pacific Rim

Barry Robinson

Parsippany, N.J. (Oct. 16, 2014) – Focused on strengthening its growing presence across key markets in the Asia-Pacific region, Wyndham Hotel Group, the world’s largest hotel company with approximately 7,540 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), today announced the appointment of hospitality veteran Barry Robinson as president and managing director, South East Asia and Pacific Rim.

In this role, effective January 1, 2015, Robinson will be responsible for Wyndham Hotel Group’s operations and development functions in the region as well as the coordination and execution of cross-functional brand initiatives.

Robinson has served Wyndham Hotel Group since 2009 as managing director, South Pacific, overseeing the company’s expansion into Australia, New Zealand, New Caledonia and Guam.

 For a complete copy of the company’s news release, please contact:

Christine Da Silva

Wyndham Hotel Group

22 Sylvan Way

Parsippany, NJ 07054

+1 (973) 753-6590

christine.dasilva@wyn.com

RealtyTrac Reports U.S. Foreclosure Activity Edges Up in Third Quarter

Daren Blomquist

 IRVINE, CA – Oct. 16, 2014 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its U.S. Foreclosure Market Report™ for September and the third quarter of 2014, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 317,171 U.S. properties in the third quarter, down 16 percent from a year ago but up 0.42 percent from the previous quarter — the first quarterly increase since the third quarter of 2011.

“September foreclosure activity was back to pre-housing bubble levels nationwide, in large part thanks to a continued slide in bank repossessions,” said Daren Blomquist, vice president at RealtyTrac.

“However, a recent rise in scheduled foreclosure auctions in many markets across the country shows lenders are continuing to clean house of lingering delinquent loans. This rise in scheduled auctions foreshadows a corresponding rise in bank repossessions and auction sales to third party buyers in the coming months.”

Michael Mahon

States with the five highest foreclosure rates in the third quarter were Florida, Maryland, New Jersey, Nevada, and Illinois.

Metropolitan statistical areas with the five highest foreclosure rates in the third quarter were Orlando, Atlantic City, N.J., Macon, Ga., Ocala, Fla., and Palm Bay-Melbourne-Titusville, Fla.

“While the Ohio markets have noticed a decline in the overall number of available foreclosures on the market, we have equally noticed an increase in activity of lender servicers acquiring properties at sheriff sales and deed-in-lieu workouts,” said Michael Mahon, executive vice president/broker of record at HER Realtors, covering the Cincinnati, Columbus and Dayton, Ohio markets.

  “As short sales have become less popular due to current income tax ramifications of forgiven debt, many consumers are choosing full foreclosure over alternatives to attempt to mitigate their circumstances.”

Frank Duran

“The short sale market has definitely minimized from what we experienced a couple of years ago, however, we are still seeing a steady flow of homeowners in need of avoiding foreclosure,” said Frank Duran of RE/MAX Alliance, covering the Denver, Colo., market. 

“A couple of years ago, out of every 20 clients I was serving, 17 to 18 of those clients were people I was helping through a short sale, and over the last year this ratio has flip-flopped. I am now serving two to three clients in a short sale for every 20 clients I serve.”

For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann

PR Manager

Office: 949.502.8300 ext 139

jennifer.vonpohlmann@realtytrac.com