Ongoing stress caused by higher interest rates, uncertainty around property values and questions about fundamentals in some property markets are beginning to show up in commercial mortgage delinquency rates.
Category: News and Trends
CBRE Projects Office Market Imbalance to Improve as Construction Cools
CBRE, Dallas, reported the supply and demand imbalance in the office market should begin to ease as the number of planned new office developments falls in the next few years.
ULI Forecasts Slow GDP Growth in Short Term
The Urban Land Institute, Washington, D.C., predicted positive but slow growth for the U.S. economy until 2025–which should bring a return to stronger growth and average inflation–in its semiannual Real Estate Economic Forecast.
Commercial/Multifamily People in the News June 8, 2023
Personnel news from Bellwether Enterprise Real Estate Capital, CBRE and CapStar Advisors.
CONVERGENCE Partner Profile: Pharrah Jackson of Greystone
Pharrah Jackson is a Vice President with Greystone’s Dedicated Affordable Housing Platform, responsible for assisting borrowers in financing their multifamily housing transactions. She serves on MBA’s Affordable Rental Housing Advisory Council.
Dealmaker: Newmark Completes $45M Sale of Massachusetts Shopping Plaza
Newmark, New York, announced the $45.25 million sale of a grocery-anchored shopping center–Lincoln Plaza in Hingham, Mass.
CMF Quote of the Week: June 15, 2023
“While changes in how today’s workforce uses traditional office space are creating challenges, they also provide opportunities for careful and creative investment. Fundamental shifts in the way spaces are used are rare, and the rapid transformation of how and where people work offers an opportunity for creative conversion and reimagination of some spaces.”
–John Sullivan, U.S. Chair of DLA Piper’s Real Estate practice and Global Co-Chair of its Real Estate sector.
CREF Policy Update: June 8, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
MBA: Commercial, Multifamily Mortgage Delinquency Rates Increase in First Quarter
Commercial and multifamily mortgage delinquencies increased in the first quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.
Berkadia’s Chinmay Bhatt on Global Opportunity & Insights
MBA NewsLink interviewed Chinmay Bhatt, Senior Managing Director and founding member of Berkadia’s JV Equity & Structured Capital in New York, about real estate opportunities around the world.