U.S. hotels have performed well overall since the pandemic, but upscale properties report higher commercial mortgage-backed securities delinquencies than more modest hotels, reported KBRA, New York.
Category: News and Trends
Life Sciences Properties Prove Resilient
Life sciences real estate assets are proving resilient during the current economic slowdown, reported CBRE, Dallas.
Dealmaker: Marcus & Millichap Closes $18M in Property Sales
Marcus & Millichap, Calabasas, Calif., closed two property sales in Washington and Ohio totaling $17.7 million.
Commercial and Multifamily People in the News April 13, 2023
Personnel News from BWE, CBRE, Merchants Bank of Indiana.
CMF Quote of the Week: April 13, 2023
“Borrowing and lending backed by commercial and multifamily properties started 2022 strong but then dropped off because of rising interest rates, uncertainty about property values and increased questions about the economy and some property fundamentals.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research
MBA CREF Policy Update April 13, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial/Multifamily Briefs, April 13, 2023
Briefs from Extra Space Storage, Life Storage, Cred iQ, Security Properties
MBA Weighs in on HUD Section 8 Proposal
The Mortgage Bankers Association this week weighed in with HUD on its proposal to transition to a single Section 8 regulation and a single Housing Assistance Payment contract for its Section 8 project-based rental assistance programs.
CommercialEdge: Maturing Loans Indicate More Office Sector Uncertainty
CommercialEdge, Santa Barbara, Calif., said office owners will continue to face difficulties, especially those with loans that mature over the next three years.
Dealmaker: IPA Negotiates $54M Los Angeles Multifamily Asset Sale
Institutional Property Advisors, Calabasas, Calif., sold 205-unit Los Angeles multifamily community Haven Warner Center for $54 million, or $263,415 per unit.