Commercial and multifamily mortgage loan originations fell by 56 percent in the first quarter from a year ago, and fell by 42 percent from the fourth quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Category: News and Trends
CMBS Delinquency Rate Dips; Offices See Increase
The commercial mortgage-backed securities delinquency rate fell slightly in March, but the segment that everyone watches closely–office–saw its rate move higher again, reported Trepp, New York.
Fed Raises Rates; Is That It?
The Federal Open Market Committee raised the federal funds rate by another 25 basis points last week to its highest level since July 2007. And while it hinted this might be the final increase for a while, it left open the door for more action should economic conditions warrant.
U.S. Hotel Construction Pipeline Increases in All Project Stages
Lodging Econometrics, Portsmouth, N.H., reported the U.S. hotel construction pipeline increased in all project stages compared to a year ago.
Report: Commercial Construction Costs Increase
Commercial real estate construction costs increased nearly 1.4 percent over the previous quarter, reported Rider Levett Bucknall, Phoenix.
Vote: MBA.org Finalist for Website of the Year
mba.org has been chosen as one of three finalists for the 2023 Sitefinity Website of the Year Awards. MBA members can vote to ensure mba.org is the winner.
Slowing Economy Reaches Small-Cap Commercial Real Estate
Boxwood Means LLC, Stamford, Conn., said weaker economic conditions on Main Street are impeding small-cap commercial real estate.
Dealmaker: Newmark Executes $22.5M Office-to-Apartment Conversion Sale
Newmark, New York, closed the $22.5 million sale of City Centre I, a 6.8-acre multifamily redevelopment project located at 625 The City Drive South in Orange, Calif.
CMF Briefs May 11, 2023
Commercial and multifamily briefs from ULI, StorageCafe and CBRE.
CREF Policy Update: May 11, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.