MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the updated MISMO Engineering Guideline (MEG) 7. The 30-day public comment period runs through Dec. 8, 2023.
Category: News and Trends
Institutional Target Allocations to Real Estate Remain Flat for the First Time Since 2013
Institutional target allocations to real estate are flat for the first time in 10 years at 10.8%, finds the 11th annual Institutional Real Estate Allocations Monitor, published by Hodes Weill & Associates and Cornell University’s Baker Program in Real Estate.
Yardi Matrix Increases Multifamily Completion Forecast for 2024, 2025
Yardi Matrix, Santa Barbara, Calif., reported multifamily construction starts increased slightly in the third quarter, and overall construction levels should yield an uptick for 2024 and 2025 completions.
Dodge Momentum Index Inches Up 1% in October
The Dodge Momentum Index improved 1% in October to 181.7 (2000=100) from the revised September reading of 180.3, according to the Dodge Construction Network, Hamilton, N.J.
End of Year Analysis: The Affordable Rental Housing Strategy
In October 2022, the Mortgage Bankers Association launched the Affordable Rental Housing Strategy under the leadership of 2023 Chairman Matt Rocco, President of Colliers Mortgage.
Commercial and Multifamily People in the News Nov. 16, 2023
Commercial and multifamily personnel news from Greystone, JLL and Berkadia.
Single-Tenant Net Lease Cap Rates Increase For Sixth Consecutive Quarter
The Boulder Group, Wilmette, Ill., reported cap rates in the single-tenant net lease sector increased for the sixth consecutive quarter, largely due to higher interest rates.
CREF Policy Update Nov. 9
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Dealmaker: NewPoint Provides $22.5M for Idaho Workforce Housing Development
NewPoint Real Estate Capital, Plano, Texas, provided $22.5 million in HUD/FHA 221(d)(4) construction-to-permanent financing for the development of a workforce housing community being built in Victor, Idaho, near the state’s border with Wyoming.
MBA: Commercial/Multifamily Borrowing Down 49% in Third Quarter
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.