Moody’s, New York, reported U.S. commercial mortgage-backed securities had the lowest loss amount last year since 2009, but noted loss severities remained elevated.
Category: News and Trends
Colliers: February Investment Sales Volume Jumps
Commercial real estate investment sales volume totaled $25.1 billion in February, up significantly from January, reported Colliers, Toronto.
JLL: Brief Construction Contraction Possible
The construction industry remains exceptionally busy but cautious about a potential economic downturn, JLL said in its Construction Outlook.
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.
CFPB Releases Final Rule on Small Business Loan Reporting
The Consumer Financial Protection Bureau last Thursday issued a final rule that would require some lenders to collect and report information about small business credit applications they receive, including geographic/demographic data, lending decisions and the price of credit.
Commercial/Multifamily Briefs, April 6, 2023
Briefs from Ncontracts, Enterprise Community Partners.
MBA CREF Policy Update April 6, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial and Multifamily People in the News April 6, 2023
Personnel News from JLL, Avison Young and Lument.
CMF Quote of the Week: April 6, 2023
“While the concept is appealing and well-intended, MBA unfortunately believes the impact of the proposed changes will have a significant negative impact on the supply of these affordable units. MBA urges HUD to reconsider this proposal, and to use all tools to preserve existing properties.”
–From an MBA letter replying to HUD’s 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.
AFIRE: U.S. Still Preferable to Europe for CRE Investment
AFIRE, Washington, D.C., reported the U.S. remains a preferred destination compared to Europe for real estate investment across property types, despite challenges.