“The very, very low rates seen in recent years were not the norm; they were a response to an event. Money should not be free. And we are getting back to that, I expect.” –TIAA President & CEO and former Federal Reserve Vice Chair Roger Ferguson, speaking at CREF23.
Category: News and Trends
Commercial and Multifamily People in the News Feb. 16, 2023
Personnel News from JLL, Bellwether Enterprise and Northmarq.
Commercial/Multifamily Briefs Feb. 16, 2023
Commercial and multifamily briefs from Freddie Mac Multifamily and iBorrow.
MBA CREF Policy Update Feb. 16, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Dealmaker: Dockerty Romer Arranges $24M for Miami-Area Mixed-Use
Dockerty Romer & Co., Miami, arranged $24 million in permanent mortgage financing structured for Mayfair in The Grove, a mixed-use office and retail complex located in Coconut Grove, a neighborhood in Miami.
Commercial/Multifamily Briefs Feb. 9, 2023
Commercial and multifamily briefs from Freddie Mac Multifamily and iBorrow.
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.