RCLCO, Washington, D.C., said its mid-year Sentiment Survey found an uptick in its Current Real Estate Market Sentiment Index to 19 from a low of 8.3 at the end of 2022. However, survey respondents still believe a recession is likely, even as many measures slowly begin to improve.
Category: News and Trends
Low-Cost Rentals Have Decreased in Every State, Harvard Finds
The supply of low-cost rental apartments fell by 3.9 million units over the last decade and in every state, the Harvard Joint Center for Housing studies reported.
Commercial/Multifamily People in the News July 13, 2023
Donald Billingsley was named as Associate Deputy Assistant Secretary for Multifamily Housing at the U.S. Department of Housing and Urban Development.
July 24 (New Date) MBA Education Webinar Office Doldrums: Challenges, Opportunities and Nuances
Office markets and performance are on the minds of market participants as technology layoffs and space reduction announcements drive the year’s news cycles along with rising interest rates. Join MBA Education and industry practitioners as they explore opportunities and challenges in the office sector.
CMF Quote of the Week: July 13, 2023
“The supply of low-rent units has fallen continuously in the past decade due to rent increases in existing units, tenure conversions out of the rental stock, building condemnations, and demolitions.”
–Harvard Research Analyst Sophia Wedeen.
CREF Policy Update: July 13, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial/Multifamily Briefs, July 6, 2023
CBRE announces new partnership with Howard University; the Altman Cos. launches Altman Living.
Dealmaker: BWE Secures $36M for Acquisition, Renovation of Indiana University Student Housing
Bellwether Enterprise, Cleveland, secured $36 million in acquisition financing for a student housing property at Indiana University in Bloomington, Ind.
Fitch Ratings: NOI Growth for CMBS Properties Sees Good 2022, but Slower 2023 Likely
Fitch Ratings, New York, reported property-level net operating income for loans securitized within Fitch-rated U.S. multi-borrower CMBS grew 6.3% in 2022, but warned that kind of growth likely won’t be sustainable this year.