More than two-thirds of commercial real estate executives maintain a positive outlook despite the highest interest rate environment since 2007 and a looming recession, reported law firm Seyfarth Shaw LLP, Chicago.
Category: News and Trends
MBA Chart of the Week: Tech Systems Employed by Commercial Real Estate Finance Firms
Lenders closed $800 billion in mortgages backed by income-producing commercial and multifamily properties in 2022–adding to what is now almost $4.4 trillion in outstanding loans.
Dealmaker: JLL Arranges $310M for All-Electric Life Sciences Campus in California
JLL, Chicago, arranged a $310 million construction loan for Avia Labs at Millbrae Station, a life sciences development in Millbrae, Calif.
Yardi Matrix: Insurance Rates a Growing Problem for CRE Owners
Rising insurance costs present a growing problem for commercial property owners, particularly in states with increasing climate-related risk such as Florida and Texas, reported Yardi Matrix, Santa Barbara, Calif.
MBA: 4Q Commercial, Multifamily Mortgage Delinquency Rate Remains Low
Commercial and multifamily mortgage delinquencies remained low in the fourth quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.
CMF Quote of the Week: March 9, 2023
“There were slight upticks among loans in CMBS, life companies and banks and decreases for Fannie Mae and Freddie Mac, but the overall performance remained positive. It is likely that as higher interest rates and softer property values work through the system this year–prompted by maturing and adjustable-rate loans–loan performance will adjust.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research.
Commercial and Multifamily People in the News March 9, 2023
Personnel News from Cushman & Wakefield, Colliers.
mPact Summit March 7: Developing Your Executive Presence
Join real estate industry young professional peers for MBA mPact’s inaugural summit on March 7, 2023.
MBA Mortgage Action Alliance Call to Action Seeks Flexibility in HUD Multifamily Mortgage Insurance Programs
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a Call to Action urging its members to urge Congress to support the need for HUD to provide greater flexibility in its policies for FHA multifamily mortgage insurance programs.
Registration Opens for MBA Commercial/Multifamily Finance Servicing and Technology Conference
The MBA Commercial/Multifamily Finance Servicing and Technology Conference, the largest industry event designed exclusively for servicing and technology professionals will take place May 9-12 in Chicago.