Office-using sectors added 67,000 jobs in April–a 2% year-over-year increase–but demand for office space remains weak across major markets, reported CommercialEdge, Santa Barbara, Calif.
Category: News and Trends
Apartment Asking Rents Climbing at Slightly Subdued Pace
Zillow, Seattle, reported apartment asking rents climbed by 0.6%, or $12, from March to April, bringing the Zillow Observed Rent Index to $2,018.
Senators Introduce MBA-supported Bill to Reform Davis-Bacon Rules
Sens. John Thune, R-S.D., and Jerry Moran, R-Kan., on Friday reintroduced the Housing Supply Expansion Act, legislation that would address the affordable housing shortage by making targeted reforms to Davis-Bacon Act requirements.
CBRE: Office Attendance Changes Prompt Companies to Revamp Office Portfolios
More companies now require office attendance than a year ago, causing them to change their office footprint to match office attendance patterns, reported CBRE, Dallas.
Dealmaker: Madison Realty Capital Provides $340M Construction Loan
Madison Realty Capital, New York, provided a $340 million construction loan to Catalfumo Cos., Palm Beach Gardens, Fla.
CoreLogic: March Single-Family Rent Growth Slides
CoreLogic, Irvine, Calif., said annual single-family rent price growth wound down to 4.3% in March, marking nearly a year of decelerating gains.
JPMorgan Chase: Plenty of Big Questions for Commercial Real Estate
Economic uncertainty remains high for commercial real estate through the rest of 2023, reported JPMorgan Chase & Co., New York.
Commercial/Multifamily People in the News May 25, 2023
Personnel news from JLL, Transwestern Real Estate Services and Peachtree Group.
CREF Policy Update: May 25, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Briefs May 25, 2023
Commercial and multifamily briefs from ULI, StorageCafe and CBRE.