Bandon Capital Advisors, Los Angeles, secured $20 million to refinance a 7-acre site with industrial outdoor storage and an industrial building in El Monte, Calif.
Category: News and Trends
CMBS Special Servicing Rate Ticks Upward in November: Trepp
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate increased 4 basis points in November to 6.84%.
CREF Policy Update Dec. 14: House Financial Services Subcommittee Holds Hearing on Housing Affordability
Commercial and multifamily developments and activities from MBA important to your business and our industry.
MBA, Other Associations Announce Support for Workforce Housing Tax Credit Act
A bipartisan group of Senators and Representatives introduced the Workforce Housing Tax Credit Act, intended to increase the supply of affordable housing for middle-income families who earn too much to qualify for low-income affordable housing but not enough to afford housing near where they work.
Growth of Medtech, Biomanufacturing Continues to Provide Real Estate Opportunities, JLL Says
JLL, Chicago, released additional analysis on specific growth in the life sciences industry, pinpointing the medtech and biomanufacturing sectors as benefiting nearby markets.
MBA CREF24 Highlight: Mohamed El-Erian to Speak at Opening General Session
MBA has announced Mohamed El-Erian, President of Queens College, Chief Economic Advisor for Allianz and Former CEO and Co-Chief Investment Officer for PIMCO, will speak at the Opening General Session at CREF 2024.
Commercial and Multifamily People in the News Nov. 14, 2023
Industry personnel news from Berkadia, BWE, Merchants Bank and JLL.
CMF Quote of the Week: Dec. 14, 2023
“The level of commercial mortgage debt outstanding has continued to increase despite a continued pullback in borrowing.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
MBA Chart of the Week: CRE Delinquencies and Net YTD Charge-offs at FDIC-Insured Firms
Since March 2023, a recurring set of questions has revolved around a) how conditions in commercial real estate are affecting banks and b) how conditions with banks are affecting CRE.
Harvard Report: Older Americans Face Significant Challenges in Housing, Care
The Harvard Joint Center for Housing Studies released its Housing America’s Older Adults 2023 report, warning that the U.S. will face issues housing and providing care to the aging population.