Stonehill’s commercial real estate group, Stonehill CRE, Atlanta, announced a $52 million senior loan facility to Starpoint Properties for a multifamily site in Mesa, Ariz., near Phoenix.
Category: News and Trends
Data Center Construction Reaches Record High, Driven by AI Growth: CBRE
Demand for data center space overshadowed economic uncertainty and concerns around power availability in the first half of 2023, according to CBRE. Construction of North American data centers reached a record high in part due to the continued growth of artificial intelligence.
CREF Policy Update Sept. 14: Senate Banking Committee Examines Property Insurance Market Challenges
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Support the Next Generation of CREF Professionals
The Commercial Real Estate Finance Careers Student Fellowship program provides college students, including those from groups traditionally underrepresented in the industry, with a package of networking and educational opportunities centered on the $4.5 trillion commercial real estate finance industry.
CMF Quote of the Week: Sept. 7, 2023
“Housing choice vouchers are some of the strongest tools we have to help families find stable and affordable housing.”
–HUD Secretary Marcia L. Fudge
MISMO Seeks Public Comment on ESG Reference Material
MISMO, the real estate finance industry’s standards organization, today announced that it is seeking public comment on the new Defining the E and S Reference Guide and the related Data Implementation Considerations Guide.
Real Estate Investors Buying 45% Fewer Homes Than Last Year, Redfin Finds
Redfin, Seattle, reported that the drop in home purchases by investors outpaced the second-quarter drop in overall home sales. Investor home purchases fell 45% from last year, compared with an overall market drop of 31%.
MBA Chart of the Week: Multifamily Borrowing and Lending, 2022
With more than $4.5 trillion of mortgage debt outstanding, commercial real estate finance markets are large and diverse.
HUD Updates Fair Market Rents; Releases $113M in Vouchers
HUD on Thursday published Fair Market Rents for Fiscal Year 2024 and released an additional $113 million in Housing Choice Vouchers to help 9,500 families to meet growing costs.
Multifamily Permitting Falls, RealPage Analytics Notes
RealPage Analytics, Richardson, Texas, reported the seasonally adjusted annual rate for multifamily permitting fell 32.2% year-over-year in July, per an analysis of Census Bureau data.