CBRE: Favorable commercial real estate lending market conditions in Q1 2017

Borrowers Remain Cautiously Optimistic Despite Pending Interest Rate Increases and Higher Market Volatility

LOS ANGELES, CA, 2017-May-09 — /EPR Retail News/ — High investor confidence, attractive equity markets and positive economic indicators have contributed to favorable commercial real estate lending market conditions in Q1 2017, according to the latest research from CBRE.

While the fairly dramatic increase in long-term interest rates that occurred in late Q4 2016 continued into early Q1 2017, its impact on commercial real estate markets has been fairly limited, especially given the more recent decline in Treasury rates.

The CBRE Lending Momentum Index, which tracks the pace of U.S. commercial loan closings, fell by 14.3% in Q1 2017 to 228. Despite this decline, March 2017 lending activity was up by a robust 25.2% year-over-year.

Life companies led all other major lenders in Q1 2017 and increased their share of loans closed by CBRE Capital Markets. They accounted for more than 37% of non-agency commercial loan closings in Q1 2017, up from 34% in Q4 2016, and well above their 27% share recorded in Q1 2016.

While banks maintained their standing as the second most popular lending group in Q1, their market share slipped substantially to 25.5% of loan volume, down from 43% a year earlier. Many key bank interest rates and spreads have not been materially affected by the recent increases in Treasury rates. However, bank construction lending remains limited and banks are selective in granting loans.

“Borrowers generally are optimistic as the U.S. commercial real estate lending market remains favorable despite the Fed’s policy of raising short-term interest rates and the possibility that long-term rates will resume their climb after leveling off in recent weeks. Life company, agency and non-bank lenders are active in the market and have new allocations to place mortgages in 2017. CMBS lenders have successfully tested new risk-retention deal structures with the promise of providing needed liquidity to the marketplace, and private equity funds have raised record amounts of “dry powder” capital to deploy for equity restructuring, new construction and bridge deals. And credit spreads remain tight, allowing borrowers to take advantage of low all-in mortgage rates,” said Brian Stoffers, Global President, Debt & Structured Finance, CBRE Capital Markets.

CMBS lenders have incrementally improved their share of closings over the past year, as the loan pricing environment has become more favorable and issuers have created structures to satisfy risk-retention requirements. However, CMBS continues to lag other major lending groups by a considerable margin. CMBS lenders accounted for 15.8% of non-agency lending volume in Q1, up slightly from their 11.7% share a year earlier.

The “Other” lender category, which includes REITS, private lenders, pension funds and finance companies, continues to play a significant role in providing a variety of bridge, permanent loan and construction financing. They accounted for 20.7% of non-agency volume in Q1, down slightly from 24.1% in Q4 2016.

To request a copy of the Q1 2017 edition of CBRE’s U.S. Lending MarketView Snapshot or to speak with a CBRE expert, please contact Ayana Miller (212.984.6506 or ayana.miller@cbre.com).

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

CBRE recognized by The Mortgage Bankers Association for its efforts in organizational diversity and inclusion

Los Angeles, 2017-Mar-01 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) has been honored by The Mortgage Bankers Association (MBA) for its efforts in organizational diversity and inclusion.

‘The Diversity & Inclusion Award’ was presented by MBA Chairman Rodrigo Lopez, CMB, to Brian Stoffers, Global President, and Jeff Hurley, Senior Managing Director, of CBRE Capital Markets’ Debt & Structured Finance team during the CREF/Multifamily Housing Convention & Expo 2017.

This is the first year that the MBA has recognized member companies for initiatives specifically developed and designed to increase diversity and inclusion within its leadership and employee base. CBRE was highlighted for its many initiatives, including Advancing Women in Leadership program, Diversity Executive Briefings, Inclusive Leadership Training, IMPACT! Program, and long-standing focus on Employee Network Groups, including its African-American Network Group, Asia Pacific Network, Hispanic and Latin Business Resource Group, LGBT & Allies, Women’s Network, CBRE Military, and Rising Professional Organization.

“We are extremely proud of this recognition and the strides that we’ve made in the area of inclusion and diversity. Fostering a diverse and inclusive environment is not only important for attracting and retaining the best people, it’s essential for any world-class company,” said Mr. Stoffers.

“There is tremendous power in each individual’s unique life experience. Our differences become the foundation for fresh strategies and innovative solutions to our clients’ challenges. We are proud of the inclusive, social spirit that exists across our company and continuously strive to enhance our efforts,” said Eric Paul, Global Head of Talent Management, CBRE.

Company initiatives were scored by a group of judges consisting of members of MBA’s Diversity and Inclusion Committee and MBA staff. The companies were scored based on: the quality of their overall submission; identification of a target audience and annual goals; demonstration of a tangible benefit to participants and the overall enterprise; replicability of the program; innovative program approaches; and program success in broadening the culture of the organization through the values of diversity and inclusion.

“The real estate finance industry is committed to embracing diversity and inclusion. Incorporating diverse communities into leadership brings different background, experiences, and perspectives to the forefront. MBA received many very qualified submissions, and it was a tough job sorting through them. We are very happy to be recognizing CBRE as our first Commercial/Multifamily Award winner,” said MBA Chairman-Elect Dave Motley, CMB, Chairman of MBA’s Diversity and Inclusion Committee.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

CBRE Group, Inc. announces the appointment of Brian Stoffers as Global President, Debt and Structured Finance

Los Angeles, 2014-10-22— /EPR Retail News/ — CBRE Group, Inc. has appointed Brian Stoffers as Global President, Debt and Structured Finance. Mr. Stoffers, a 30-year veteran of CBRE, previously served as President, Debt & Structured Finance, Americas and Chief Operating Officer, Capital Markets.

The appointment is part of CBRE’s overall growth strategy and global unification of its Capital Markets business. Mr. Stoffers will help expand and integrate CBRE’s Debt & Structured Finance offering globally, with practices in the Americas, Asia Pacific, and Europe, Middle East and Africa (EMEA), including Global Loan Servicing, Loan Sale Advisory, and Investment Banking reporting to him directly. Mr. Stoffers will continue to report to Chris Ludeman, Global President, Capital Markets, while aligning with CEOs in all three global regions.

With Mr. Stoffers’s promotion, Jeff Majewski will be named Chief Operating Officer, Capital Markets, Americas; a role that combines the Debt & Structured Finance and Investment Properties platforms—which Mr. Stoffers has fulfilled to great success for the past three years.

Chris Ludeman said:

“Our Debt & Structured Finance business line is closely aligned with our sales business and together with our investment banking group creates the service spectrum that clients demand from CBRE as the global market leader. Brian’s vision for our Debt & Structured Finance business globally will enhance our ability to serve customers with the highest levels of consistent advice and execution.

“A collaborative and value-based leader, Brian is a friend and mentor to many at CBRE; he is precisely the type of professional we need to drive the Debt & Structured Finance team to the next level of global success.”

Mr. Stoffers has played an integral role as a member of CBRE’s Capital Markets team for more than 30 years. Under his leadership, Debt & Structured Finance practice has originated nearly $112 billion in loan volume since 2007. Additionally, this practice maintains a loan services portfolio of more than $80 billion in the United States, while CBRE’s EMEA servicing portfolio has grown by an additional $30 billion.

A highly respected industry professional, Mr. Stoffers is an expert across the spectrum of debt advisory products and services. He currently serves on the Board of Directors for the Mortgage Bankers Association and National Multi-Housing Council.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information:

Aaron Richardson
Director, Communication-Media
T +1 212 9847126
email

Ayana Miller
Specialist, Communication
T +1 212 9846506
email