The national office market "took a bit of a breather" in the first quarter, although the upward trend remains intact, according to Colliers International, a Boston-based commercial real estate manager.Absorption totaled 12.8 million square feet, down from 25.9 msf in the fourth quarter and 22.2 msf a year earlier, Colliers said. But rents continued to rise, with downtown rents increasing 5.2% to a record high of $43.22 per square foot. The national vacancy rate stood at 12.55%, unchanged from that of the previous quarter but down from 13.25% a year earlier, Colliers said. "Don't be fooled by a somewhat disappointing first quarter," said Ross Moore, senior vice president and director of market and economic research at Colliers. "While absorption was well below levels experienced over the past couple of years, nearly all markets continue to clock steady demand. Absorption is almost certain to bounce back -- if not during Q2, then in the latter half of 2007." The company can be found online at http://www.colliers.com.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27