Fannie Mae and Freddie Mac announced replacement rates for legacy LIBOR loans and securities.
Category: News and Trends
CMBS Supply-Demand Fundamentals Slip
Commercial property market supply and demand fundamentals slipped in the third quarter, reported Moody’s Investors Service, New York.
Yardi: E-Commerce Propelling Industrial Sector
The e-commerce boom that started in 2020 is still propelling the U.S. industrial market, reported Yardi Matrix, Santa Barbara, Calif.
Freddie Mac: Multifamily Market to Moderate
Freddie Mac, McLean, Va., said the multifamily market will likely continue to cool off this year.
Dealmaker: Gantry Secures $20M Office Refinance
Gantry, San Francisco, secured a $19.5 million permanent loan to refinance Esquire Plaza, a 22-story office tower in Sacramento, Calif.
Downsizing Tech Sector Challenges Office Recovery
CommercialEdge, Santa Barbara, Calif., reported tech companies have been laying off workers and downsizing their office footprints to cut costs, which could make the office sector’s recovery even harder.
MBA CMF News and Events Jan. 5, 2023
To read more about upcoming MBA conferences and education, click on the headline.
Quote
“Volatile capital markets and a rise in the 10-year Treasury rate drove a contraction in multifamily lending in 2022 that will persist into 2023. Economic uncertainty and rising prices have led to waning housing demand. This paired with elevated construction levels will drive rent growth to level off and eventually normalize.”
–Steve Guggenmos, Vice President of Research & Modeling for Freddie Mac Multifamily.
Commercial/Multifamily Briefs Jan. 5, 2023
Commercial and multifamily briefs from Yardi Matrix, CoWorking Cafe, CoreLogic and Stronghill Capital.
Top CMF National News Jan. 5, 2023
Here’s a summary of Top National News from major news sites and industry trade publications. To get started, click on the headline above.