The Mortgage Bankers Association announced the members of its 2023 Affordable Rental Housing Advisory Council.
Category: News and Trends
CBRE: Cap Rate Expansion Likely to Continue; May Peak This Year
CBRE, Dallas, said capitalization rate expansion will likely continue in the short term for most commercial real estate asset types, but could peak later this year.
Dealmaker: Gantry Secures $13M for Phoenix Industrial Property
Gantry, San Francisco, secured $12.9 million in permanent financing for a newly constructed, 157,000-square-foot warehouse facility in Peoria, Ariz.
First American: Positive Industrial Real Estate Outlook Despite Dip
Industrial space remains in demand across the country despite recent headlines about tabled expansion plans from eCommerce companies and retail store closures, reported First American, Santa Ana, Calif.
MISMO Names David Coleman President
MISMO®, the real estate finance industry standards organization, named mortgage industry veteran David Coleman President.
SitusAMC: Commercial Real Estate Sentiment Slipping
SitusAMC, New York, said chaos in the capital markets is eroding sentiment for commercial real estate.
MBA: 4Q Commercial, Multifamily Mortgage Debt Outstanding Up By $324B
Commercial/multifamily mortgage debt outstanding at year-end 2022 rose by $324 billion (7.7 percent) from the previous year, the Mortgage Bankers Association’s latest quarterly Commercial/Multifamily Mortgage Debt Outstanding Report said.
CoreLogic: Single-Family Rent Growth Slows to Nearly Two-Year Low
CoreLogic, Irvine, Calif., reported U.S. annual single-family rent growth continued to slow year-over-year in January, declining for the ninth straight month to 5.7%.
Discussing Data Centers With JLL Valuation Advisory’s Stuart Miller
At a high level, the fundamentals of the data center sector remain strong, especially relative to other types of real estate, but rising interest rates have put downward pressure on valuations.
CMF Quote of the Week: March 23, 2023
“Commercial and multifamily mortgage debt outstanding grew at another strong clip in 2022. The rate of growth was the second largest since 2007–just below 2021’s pace.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research.