The start of the new year provides me with the opportunity to plan and think about the year ahead. As we continue on the path of economic recovery, I just received this interesting overview from the Mortgage Bankers Association regarding the Deloitte 2012 Commercial Real Estate Outlook.

Here are a few important observations that I would like to point out:

• Commercial real estate appears to be on a “gradual but uneven recovery.”
• Any momentum experienced in the industry during the first half of 2011 was stalled due to weak macroeconomic fundamentals, mostly involving the European debt crisis and the U.S. budget woes.
• The future of Commercial Mortgage Backed Securities (CMBS) will play a significant role in the ultimate recovery of commercial real estate.

I encourage you to read the full MBA article to learn more, and please feel free to contact me if you have any other questions or comments.

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