Boxwood Means, Stamford, Conn., reported its Small Commercial Price Index and Small Multifamily Price Index have continued to deliver positive results through May, a contrast to the current commercial market.
Category: News and Trends
Call for Speakers – MBA Commercial/Multifamily Finance Convention & Expo 2024
Speaking opportunities for breakout sessions are now being accepted for MBA’s Commercial/Multifamily Finance Convention & Expo 2024 (CREF24), taking place February 11 – 14 at the Manchester Grand Hyatt in San Diego.
CREF Policy Update Aug. 31: MBA Joins Coalition in Letter to CFPB Requesting Pause in Implementation of 1071 Small Business Reporting Rule for All Lenders
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week: Aug. 31, 2023
“Annual single-family rent growth has returned to its long-term, pre-pandemic rate, but increases for attached properties were one-and-a half-times that of detached properties in June; this is historically not the case, as both housing types tend to rise at the same pace.”
–Molly Boesel, Principal Economist for CoreLogic
CBRE Reduces Near-Term Hotel Outlook Due to Softer Summer Demand
CBRE, Dallas, reduced its forecast for hotel performance this year as weaker-than-expected summer demand resulted in a shortfall in Q2 2023 revenue per available room.
Dealmaker: IPA Closes $61M Multifamily Sale in Phoenix Area
Institutional Property Advisors, Calabasas, Calif., sold Cabana Encanto, a 286-unit attainable housing asset in Pheonix suburb Goodyear, Ariz.
Net Lease Cap Rates Expand For Fifth Consecutive Quarter
Single-tenant net lease cap rates increased for the fifth consecutive time in the second quarter, the Boulder Group reported.
Yardi Matrix: Student Housing Sector Continues to Outperform
Yardi Matrix, Santa Barbara, Calif., reported student housing preleasing for the fall semester reached near-record highs in July, positioning the sector well to be able to weather a potential recession.
DBRS Morningstar: CMBS Delinquency Rate Surges
DBRS Morningstar, Toronto, reported the delinquency rate for loans packaged in commercial mortgage-backed securities surged 31 basis points in July. The special servicing rate rose for the fifth straight month, increasing 24 basis points during July.
Commercial and Multifamily People in the News Aug. 24, 2023
Gantry, San Francisco, announced Christine Kim as its new Chief Marketing Officer.