CREF Policy Update May 27, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
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Spread Between Retail, Industrial Rents Compresses
JLL, Chicago, reported the spread between retail property rents and industrial property rents is compressing as home deliveries speed up and e-commerce steals more and more market share from brick-and-mortar retailers.
1Q Distressed CRE Debt Drops
More U.S. commercial real estate distress was worked out than arose in the first quarter, sector analysts reported.
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ULI: CRE ‘Poised for a Rebound’
A panel of 42 real estate economists said commercial real estate is “poised for a rebound,” the Urban Land Institute reported.
Peter Muoio of SitusAMC Insights: Migration Out of Big Cities Opportunity for Some Who Previously Couldn’t Afford It
Peter Muoio is head of SitusAMC’s Insights division, a provider of technology and services to the real estate finance industry. He has more than 30 years of research and analytics experience in the commercial real estate industry.
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LifeCo Commercial Mortgage Return Index Dips
Trepp, New York, said commercial mortgage investments held by life insurance companies dipped in the first quarter after three consecutive positive quarters.
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Dealmaker: Meridian Capital Group Arranges $172M For Newly Constructed Multifamily
Meridian Capital Group, New York, arranged $171.6 million to refinance newly constructed multifamily property One Museum Square in Los Angeles, on behalf of JH Snyder Co., Los Angeles.
Commercial/Multifamily Briefs from Freddie Mac, Canyon Partners
Freddie Mac, McLean, Va., priced a new offering of Structured Pass-Through K Certificates that included a class of floating-rate bonds indexed to the Secured Overnight Financing Rate.