Personnel News from Avison Young, Merchants Bank of Indiana, M&T Realty Capital Corp.
Category: News and Trends
CMF Quote of the Week: April 27, 2023
“After the pandemic removed the four walls of the workplace, our new world of hybrid work has created an unprecedented need for digital technology….The data center industry is experiencing impressive growth and catching the eyes of investors and lenders as a strong, alternative asset class that has been relatively unimpacted by continued economic uncertainty.”
–Andy Cvengros, Managing Director with JLL.
Dodge Momentum Index Drops
The Dodge Momentum Index of commercial building projects in the planning stage slipped 8.6% in March to 183.7, reported Dodge Data and Analytics, Hamilton, N.J.
Report Cites Pandemic’s Impact on U.S, Population Shifts
New data on county-level population changes continue to suggest that the coronavirus pandemic had profound and lasting impacts on economic geography—with two million people leaving U.S. cities between 2020 and 2022—according to a report by the Economic Innovation Group, Washington, D.C.
MBA: 1Q Commercial/Multifamily Mortgage Delinquency Rates Up Slightly
Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly through the first quarter, according to the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey.
Single-Family Rent Growth Declines for 10th Straight Month
CoreLogic, Irvine, Calif., said single-family rent price growth continued its slowing trend in February as it dropped to a 5% growth rate.
Dealmaker: Merchants Capital Secures $26M for Puerto Rico Multifamily
Merchants Capital’s New York office secured $25.9 million to renovate and upgrade Mirador Las Casas, a Section 8 and Low-Income Housing Tax Credit multifamily property in San Juan, Puerto Rico.
FHFA to Request Input on Multifamily Tenant Protections
The Federal Housing Finance Agency announced it will issue a Request for Input on multifamily tenant protections In May.
MAA ‘Call to Action’ Targets Colorado Rental Lease Bill
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action this week over a Colorado bill on property owners’ rights that has potential national implications.
Cushman: Now is the Time to Fight Climate Change
As sea levels rise, the reality of climate change’s impact on the commercial real estate industry is becoming clearer, reported Cushman & Wakefield, Chicago.