CREF Policy Update Feb. 10, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
A Sneak Peak at MBA CREF22
After a virtual conference in 2021, join more than 2,400 of your commercial real estate colleagues in person next week for the MBA Commercial/Multifamily Finance Convention & Expo.
Analysts Upgrade U.S. Hotel Forecast
Underpinned by continued average daily rate improvement, analysts from STR and Tourism Economics slightly upgraded their U.S. hotel sector forecast.
Commercial Property Prices Continue to Accelerate
Commercial property price growth accelerated again in December, sector analysts reported.
CBRE: Record Global CRE Investment in 2021
CBRE, Dallas, reported global commercial real estate investment reached a record $1.3 trillion last year, up 55 percent from 2020 and 21 percent from 2019.
Personnel News from Keller Augusta, IPA, Alliant Credit Union
Keller Augusta announced Matt Galligan will serve as a Senior Advisor to the firm. Galligan was most recently Vice Chairman of CIT’s Real Estate Finance Department and is currently Chairman of the Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors.
Office Occupancy, Rent Growth Move into Positive Territory
The office market may be turning a corner following five consecutive quarters of negative net absorption, reported Transwestern, Houston.
Apply for MBA Path to Diversity Scholarship Program
The MBA Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education.
CRE Professionals Optimistic for Multifamily Market
The multifamily market will likely continue to see strong demand following a positive year of investment activity in 2021, said Berkadia, New York.
Commercial and Multifamily Briefs from TruAmerica, Base Equities, Alex. Brown Realty
TruAmerica Multifamily, Irvine, Calif., launched a Build-For-Rent development division to build townhome and single-family rental communities.