Commercial and multifamily briefs from Freddie Mac Multifamily and iBorrow.
Category: News and Trends
Investor Interest in Seniors Housing Upbeat for 2023
JLL Valuation Advisory Group, Chicago, said despite pricing uncertainties limiting capital markets activity, interest in seniors housing remains optimistic as investors seek higher yields from alternative asset classes.
Largest Negative Returns for Institutional Real Estate Since Great Recession
The National Council of Real Estate Investment Fiduciaries reported institutional-quality commercial real estate returned -3.50% for the fourth quarter, the first negative return since the 2020 COVID pandemic and the largest since the Great Recession.
Green Street: Commercial Real Estate Fundamentals Healthy
Green Street, Newport Beach, Calif., reported commercial real estate fundamentals mostly proved healthy last year–except for the office sector–and will likely remain so through 2023.
MBA Chart of the Week Feb. 9, 2023: Multifamily Construction/Vacancies
At the end of this week, many of us will begin our annual migration to San Diego and to MBA’s Commercial/Multifamily Finance Convention & Expo (CREF23). There will be no lack of topics to discuss – from return to the office, to the return of retail, and interest in cap rates to interest rate caps.
CBRE: Finance, Insurance Firms Signed More Large Leases than Tech Industry in 2022
The finance and insurance industry supplanted the tech industry last year for the largest share of the top 100 largest office leases in the U.S., reported CBRE, Dallas.
January CMBS Delinquency Rate Falls Below 3%
Trepp, New York, reported the U.S. commercial mortgage-backed securities delinquency rate fell 10 basis points in January to 2.94%.
MISMO Recruiting Participants in New Group Focused on Building APIs for Commercial Data
MISMO®, the real estate finance industry standards organization, issued a call for industry professionals to join a new Development Workgroup focused on developing APIs for MISMO’s Commercial datasets.
CMF Quote of the Week: Feb. 9, 2023
“MISMO is looking forward to this opportunity to collaborate with the commercial real estate industry to create APIs and further the adoption of commercial data standards. This work will result in efficiencies across the entire lifecycle of commercial loans, contributing to the digital transformation of our industry.”
–Jan Davis, Acting President of MISMO.
Sandra Thompson, Julia Gordon, Roger Ferguson Keynote CREF23 in San Diego Feb. 12-15
The MBA Commercial/Multifamily Finance Convention & Expo–CREF23–takes place Feb. 12-15 at the Manchester Grand Hyatt in San Diego.