The Real Deal, Aug. 1, 2023–Nicole RosenthalOn the last day to comment on adding tenant protections at multifamily properties with federally backed loans, a major industry group unleashed a fusillade …
Category: Top National News
Democrats Back Limiting Rent Hikes, Sparking Industry Pushback
POLITICO Pro, Aug. 1, 2023-Katy O’Donnell (subscription)Senate Democrats and tenant advocates are pressing the Biden administration’s top housing regulator to curb rent increases at some 12 million apartment units, triggering …
Multifamily Lending Declined 1% Between 2021-22: MBA
Housing Wire, Aug. 1, 2023-Chris Clow (subscription)More than 2,200 different multifamily lenders provided $480.1 billion in new mortgages for apartment buildings with five or more units in 2022, a reduction …
MBA Advises FHFA Against Tightening Rent Control
MPA, Aug. 1, 2023-Candyd MendozaThe Mortgage Bankers Association is urging the Federal Housing Finance Agency to refrain from enacting additional obligations for renters that may disincentivize them from participating in …
Local Malls, Stuck in ‘Death Spiral,’ Plunge in Value
Wall Street Journal, July 31, 2023-Kate King (subscription)WATERFORD, Conn.—Crystal Mall’s parking lots used to be so crowded that parents would line up to drop off their teenagers near one of …
Commercial Real Estate Investors Risk Painful Losses in Post-COVID World
Reuters, July 30, 2023-Sinead Cruise, Lucy Raitano and Lewis JacksonLONDON/SYDNEY–Commercial real estate investors and lenders are slowly confronting an ugly question – if people never again shop in malls or …
The Hottest Real-Estate Play Is in Your Neighborhood
Wall Street Journal, July 27, 2023-Jinjoo Lee (subscription)Strip malls are hot. With investor anxiety rising about types of commercial property from shiny office buildings to self-storage facilities, the low-slung structures …
Multifamily Syndicators Face CRE Debt Exposure
GlobeSt.com, July 26, 2023–Erik ShermanWhen fighting the potential economic collapse of the pandemic turned into a zero interest rate policy, the result fanned commercial real estate development in all ways, …
Apartment Developers Turn to Non-Bank Lenders for Construction Loans
Wealth Management Real Estate, July 26, 2023–Bendix AndersonApartment developers are finding ways to pay for new construction projects–without using loans from traditional banks.https://www.wealthmanagement.com/finance-lending/apartment-developers-turn-non-bank-lenders-construction-loans?
Turning Unused Office Space Into Housing Could Solve 2 Problems, but It’s Tricky
NPR, July 24, 2023-Erin KenneyConverting offices into apartments is easier said than done. And while it’s easy to imagine the process behind conversions, like adding in walls and plumbing, it …