Gaccione has been in
commercial real estate for 6 years active in all areas of
commercial real estate lending.
According to Arthur Zabarkes, former director of the Real Estate Institute of New York University,
commercial real estate is a $3 trillion revenue-producing industry, representing 35% of all investable wealth in America.
This growth in real estate lending includes substantial increases in home mortgages as well as
commercial real estate loans, but it is the latter, of course, that has mainly presented the problems to the banking industry.
REM also produces the RealShare conferences, a series of more than 25 regional events targeted to
commercial real estate professionals, in locations throughout the U.
Assuming responsibility for New York City
commercial real estate is Gino Martocci, senior vice president, who will continue with his current responsibility of managing private banking.
With that background now presented, it is appropriate to turn to the focus of this hearing, which is the securitization of
commercial real estate loans.
Statement by Richard Spillenkothen, Director, Division of Banking Supervision and Regulation, Board of Governors of the Federal Reserve System, and Donald H. Wilson, Financial Markets Officer, Federal Reserve Bank of Chicago, before the Subcommittee on Policy, Research, and Insurance of the Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives, May 6, 1992 Muraida previously worked for Eastern Bank's Boston office as senior vice president/team leader of
commercial real estate lending where he managed a team that handled originating and underwriting construction and interim loans for all types of
commercial real estate.
According to Linda Solomon, a
commercial real estate owner and guest of the first event, "This was one of the best events I've been to in a long time.
Manish Parwani who is based in Gurgaon, near Delhi said, "There are structural inefficiencies in the way the
commercial real estate business is organized today in India.
Cushman & Wakefield is also the national executive partner with CREW Foundation (
Commercial Real Estate Women) in a special national program aimed at introducing teenage girls to
commercial real estate careers.
Over the last few years, the early adopters, often the larger
commercial real estate companies, have found technology to be their biggest competitive differentiator.
Since close, the pool has migrated towards more whole loans and A notes (to 58% from 39%), and less B notes, second mortgages, mezzanine debt, and preferred equity (to 35% from 42%), and maintained its exposure to
commercial real estate collateralized debt obligation securities (7%).
