As the commercial real estate market progresses through the first quarter of 2024, industry experts are expressing cautious optimism. According to Adam S. Finkel, co-founder and managing partner at Tower Capital, there is a sense of positivity in the air.
During a recent Commercial/Multifamily Finance Convention & Expo hosted by the Mortgage Bankers Association in San Diego, Finkel and other professionals discussed their predictions for CRE finance. Despite some challenges ahead with price discovery, they foresee a promising outlook for transactions in the second half of 2024 and into 2025.
David Sotolov, managing director at AllianceBernstein’s real estate investments division also shared his thoughts on how quickly rates have shifted within the industry over this past year. He believes that while it has not been an easy adjustment for many players involved in commercial real estate finance , overall things are progressing well.
In addition to insights from Jonathan Lee (executive managing director at Colliers) and Joe Derhake (CEO of Partner Engineering and Science Inc.), you can watch our previous video where we discuss lending volume projections for this year without mentioning specific companies or organizations.
VIDEO: Industry Experts Share Guarded Optimism About CRE Finance Outlook
