Mesa West Capital, New York, provided Bridge Industrial a $53.5 million construction loan for Bridge Point 999, a new 292,000-square-foot industrial building in South Brunswick, N.J.
Category: News and Trends
Apartment Supply at 36-Year High in 2023, RealPage Finds
RealPage Analytics, Richardson, Texas, reported apartment supply jumped to the highest level since 1987 last year, largely due to the influx of construction projects begun a few years ago.
Commercial and Multifamily People in the News Jan. 11, 2024
Industry personnel news from Gantry, Greystone, MBA and Peachtree Group.
CMF Quote of the Week: Jan. 11, 2024
“Commercial real estate markets are entering 2024 amid a great deal of uncertainty and, as a result, a significant slowdown in activity.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
CREF Policy Update Jan. 11: FHFA Releases Report Summary on Tenant Protections Feedback
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Berkadia: Single-Family Rental Market Continues Robust Growth
Berkadia, New York, released its latest outlook on single-family rentals and build-to-rent properties, finding the single-family rental market is the fastest-growing segment in the nation’s housing landscape.
MBA’s Q3 2023 Commercial/Multifamily DataBook Provides Insights as New Year Begins
Commercial real estate markets are entering the new year relatively stuck. Through the first three quarters of 2023, property sales and mortgage origination volumes are each down 50-plus percent compared to the year prior.
Construction Spending Grows Again in November
Construction spending grew at a seasonally adjusted annual rate of $2,050 billion during November, 0.4% higher than in October, the U.S. Census Bureau reported Tuesday.
Speaker Spotlight: Fannie Mae’s Michele Evans and Freddie Mac’s Kevin Palmer at CREF24
They will speak at a session titled “Doing Business With the GSEs” on Feb. 13, 9:45 a.m.-10:30 a.m. (PST).
MBA NewsLink Roundtable: Top Commercial Mortgage Servicing Issues to Watch in 2024
Commercial and multifamily mortgage loan originations were 49% lower in the third quarter of 2023 compared to a year ago and decreased 7% from the second quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. While a full-year 2023 view will not be available for a little while, it was a down year.