SAN DIEGO-Johnson Capital Group Inc.'s president, Guy Johnson, has been awarded with the Mortgage Bankers Association's first-ever “Be A Leader” award during the association's 23rd annual Commercial Real Estate Finance/Multifamily Housing Convention & Expo held here this week. Johnson received the award from Brian F. Stoffers, president of CBRE Debt & Equity Finance and chair of MBA's CRE/Multifamily Finance Board of Governors, in recognition of his commitment to member outreach to the commercial/multifamily real estate finance industry.
According to MBA chairman Debra W. Still, “I applaud Guy's commitment to growing MBA's membership and strengthening the real estate finance industry.”
In 2012, COMBOG established the “Be A Leader” campaign, which encourages board members to attract industry leaders to join MBA across all sectors of the real estate finance industry. Johnson has been a member of MBA for 15 years and has been actively engaged in critical discussions regarding the future of the commercial/multifamily business
In other CREF Convention news, David H. Stevens, MBA's president and CEO, gave a keynote speech during the conference in which he said, “I'm here to tell you that things are off to a great start for the commercial and multifamily businesses. Five years out of the recession, the multifamily market is strong, and the economic recovery is trickling through to the commercial properties.”
Stevens added that delinquencies are down and originations are up. “According to MBA's third-quarter 2012 data, the delinquency rate on bank-held loans is at its lowest level since the beginning of 2009, and the delinquency rate for loans held in commercial mortgage-backed securities, while still elevated, continues to stabilize.”
The industry has seen steady growth since 2009, with $2.4 trillion in outstanding commercial and multifamily debt—a number that continues to grow, Stevens said. “Since the recession, we have seen some restructuring in the commercial and multifamily sectors, and this has only contributed to the positive growth environment. Commercial mortgage-backed securities issuance isn't anywhere near its 2007 peak, but issuance is expected to rise from $45 billion in 2012 to in the neighborhood of $65 billion in 2013 and $75 billion in 2014. That's substantial growth!”
As GlobeSt.com previously reported, banks expect to lend more this year, with the outlook for conduit lending activity improving. CMBS issuance in January hit its highest monthly level since December 2007, supported by increasingly stable corporate and real estate bond markets.
Have you noticed a rise in CMBS issuance? Leave your comments in the box below?
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
