Delinquency rates for mortgages backed by commercial properties declined slightly during the second quarter of 2024.
Category: News and Trends
Freddie Mac Forecasts Low Rent Growth Amid High-Supply Headwinds
Freddie Mac Multifamily, McLean, Va., expects multifamily performance to remain muted for the remainder of the year as the market works through a historically high supply of new units.
CMF Quote of the Week: July 25, 2024
“The delinquency rate for most property types declined last quarter, with the exception of loans backed by office properties, which experienced an increase.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
Hotel Construction Activity Highest Since Early 2023
CoStar Group, Washington, D.C., reported the volume of U.S. hotel rooms under construction recently reached its highest since February 2023.
Zelman & Associates: Apartment Transactions Survey Shows Stronger Supply Index
Zelman & Associates, a Walker & Dunlop company, New York, released its latest apartment transactions survey, finding that the supply-demand spread moderated in June after some imbalance in the first three months of the year.
RCN Capital: Real Estate Investor Sentiment Increases
RCN Capital, South Windsor, Conn., released its latest RCN Capital/CJ Patrick Co. Investor Sentiment Index, finding 60% of real estate investors view today’s market as better or much better than it was a year ago.
LightBox Finds Slow Improvement in CRE Activity
The commercial real estate sector is adjusting to the fact that the Federal Reserve may lower interest rates only once this year–or possibly, not at all–according to LightBox, New York.
Dealmaker: BWE Secures $47M From Mesa West to Refinance Richmond, Va., Senior Living Community
BWE, Cleveland, secured $47 million from Mesa West Capital, Los Angeles, to refinance Discovery Village at the West End in Richmond, Va.
CREF Policy Update: MBA Opposes Biden Campaign’s Nationwide Rent Control Proposal; MBA to FHFA–Expand FHLB Membership to IMBs and REITs
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial and Multifamily People in the News July 25, 2024
Industry news from Berkadia, JLL and CBRE.