Distress Rate in NYC Multifamily CMBS Set to Rise

Commercial Observer, March 3, 2023–Mark McDevitt (subscription)A point of interest among multifamily investors reviewing February 2023 reporting data for CMBS securitizations was the special servicing transfer of a $270.3 million …

It’s Time for Biden to Take on the NIMBYs

Vox.com, March 1, 2023–Rachel M. CohenFor decades, the US has built fewer homes than it needs — a trend that has led to soaring rent and home prices, hurt economic …

2023 Could be Year Apartment Owners Compete for Renters

GlobeSt.com, March 1, 2023–Paul BergeronFebruary marked a return to positive rent growth–albeit by just 0.3 percent nationally–after five straight month-over-month declines, according to the March 2023 Rent Report from Apartment …

Apartment Rents Fall as Crush of New Supply Hits Market

Wall Street Journal, Feb. 27, 2023–Will Parker (subscription)Apartment rents fell in every major metropolitan area in the U.S. over the past six months through January, a trend that is poised …

Commercial Real Estate Investors, Lenders Averse to Buying

Mortgage Professional America, Feb. 24, 2023–Tony CantuCBRE’s 2023 US Investor Intentions Survey released on Thursday reveals “subdued sentiment” among commercial real estate investors – with nearly 60% expected to purchase …

Multifamily Conversions Are Penciling Despite Challenges

GlobeSt.com, Feb. 23, 2023–Lynn PollackOffice to multifamily conversions have become a mainstream development option and even a specialized niche sector.https://www.globest.com/2023/02/23/multifamily-conversions-are-penciling-despite-challenges/?

Little Distress Likely For Multifamily As 2023 Continues

GlobeSt.com, Feb. 22, 2023–Lynn PollackMultifamily will likely experience little distress this year, despite a deceleration in debt origination since the beginning of 2022.https://www.globest.com/2023/02/22/little-distress-likely-for-multifamily-as-2023-continues/?

Turning Malls into Neighborhoods

Urban Land magazine, Feb. 28, 2023–Patrick J. KigerFrom apartment buildings rising in shopping center parking lots to the redevelopment of dead mall sites as housing, retail-to-residential conversions are an increasing …