JLL, Chicago, found in a recent survey that 43% of commercial landlords globally would like to increase solar photovoltaic (PV) panel coverage to reach 50-75% of their portfolio.
Category: News and Trends
Moody’s Reports Higher Interest Rates Driving Down Defeasance
Moody’s Investors Service, New York, reported commercial mortgage-backed securities defeasance activity tumbled last year to $11.4 billion from $32.2 billion in 2022.
CoreLogic: Year-Over-Year Rent Growth at 2.6% in January
CoreLogic, Irvine, Calif., released its single-family rent index, showing single-family rental costs increased by 2.6% year-over-year in January.
MBA Chart of the Week: CRE Mortgage Debt Across Capital Sources, Property Types
This week’s Chart of the Week shows MBA’s estimates of the distribution of CRE mortgage debt across capital sources and property types and is derived from a variety of public and private sources.
CBRE: Renting Less Expensive Than Mortgage Payments
CBRE, Dallas, released a new report finding average mortgage payments are 38% higher than average apartment rents as of year-end.
Zillow Finds Concessions Cool as Spring Rental Season Approaches
Following a winter that saw nearly a third of rental listings offering tenants tempting concessions such as free months of rent or free parking, Zillow, Seattle, said the share of rentals offering perks may have peaked.
Dealmaker: Berkadia Closes $89M in Multifamily Sales
Berkadia, New York, closed $89 million in multifamily property sales in Denver, Colo., and Urbana, Ill.
CREF Policy Update March 28: MBA’s Fratantoni Testifies Before Key House Housing Subcommittee
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week: March 28, 2024
“The disparity between mortgage payments and rental costs presents a substantial hurdle for aspiring homeowners,”
–Matt Vance, Americas Head of Multifamily Research for CBRE.
CMF Quote of the Week: March 21, 2024
“That’s actually a moving piece of legislation and a great program that is proven to create affordable housing units in this country–rental in that case.”
–MBA President and CEO Bob Broeksmit, CMB, on the LIHTC-related bill recently passed in the House of Representatives