CMBS Loans Major Player in 2014

LOS ANGELES-In 2013, the office and industrial markets saw great improvement and investment interest. These markets can expect to continue improving in 2014, according to Marcus & Millichap experts during an office and industrial market outlook webcast on January 8. Speakers Alan L. Pontius, SVP and NOIGP national director, Hessam Nadji, SVP and chief strategy officer, and William E. Hughes, SVP, offered a look back at 2013 and a forecast of the year ahead.

Overall, 2013 was a year of “escalating volumes,” according to Pontius, who anticipates continued confidence and acceleration in 2014. Interest rates will likely rise throughout the year, however, the three speakers did not estimate this to necessarily be negative, pointing out that funding will be the key driver over interest rates.