Real Estate and Politics
The U.S. Senate voted 93-4 today to approve an extension of the Terrorism Risk Insurance Act for another six years. The decision comes a day after the majority vote of 416-5 in the House of Representatives. The law recently expired on Dec. 31, 2014, sparking widespread anxiety across the real estate community.
The new bill is now on its way to the White House for final approval before TRIA is officially reinstated.
[11:30 a.m.] We’re done…
[11:25 a.m.] Large servicers have done a great job of driving technology. Leads to efficiency. Smaller companies that focus on value add side, focus can be on making sure that more customized servicer, other than just driving cost, are provided.
[11:20 a.m.] Send your questions for this panel to firstname.lastname@example.org Read More
[4:30 p.m.] We’re done! Thanks for following and check back tomorrow for liveblogs of additional panels–and follow us on Twitter at @commercial_nyo and @carlosville.
[4:26 p.m.] Question: How likely is it that rates will stay low not just through 2014, but for the next 5 years? Answer: Possible, he says. We could be patterning Read More
CREFC January Conference
Monday afternoon, as the CRE Finance Council‘s January 2013 conference got underway, security from the Loews Miami Beach Hotel, with good reason, was making sure to check IDs as attendees made their way to the section of the hotel reserved for the afternoon’s meetings. A guard told The Mortgage Observer that it wasn’t uncommon for players to try to forgo the registration fee and opt, instead, to suit up and make a run for it.
It was a phenomenon that we, in fact, witnessed for ourselves, while waiting to chat with CRE Finance Council CEO Stephen Renna. Apparently, the group’s efforts to grow the conference–and expand the relevance of the organization–have paid off and made it one hot ticket.
The Mortgage Observer is heading South, for the CRE Finance Council’s January Conference–held this coming Monday through Wednesday in Miami, Fla. The event is being held at the Loews Miami Beach Hotel and promises to be full of vital information for those involved in commercial real estate debt. We’ll be covering the entire conference, meeting with insiders to hear the buzz and running over to our exclusive cocktail event Tuesday evening at STK Miami.
Prior to the November elections, all meaningful efforts to address our looming fiscal problems were put on hold by legislators until the outcome was known. Well, we now know the outcome, and it’s not that much different than pre-election, as far as the balance of power goes.
So lawmakers return to the nation’s capital knowing Read More