Briefs from Extra Space Storage, Life Storage, Cred iQ, Security Properties
Category: News and Trends
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.
Moody’s: CMBS Loss Severities Drop
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.
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.