Freddie Mac, McLean, Va., said the multifamily market will likely continue to cool off this year.
Category: News and Trends
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.
GSE Leaders Join MBA #CREF23 Speaker Lineup
Join us at MBA’s Commercial/Multifamily Finance Convention & Expo 2023 to hear key leaders, including the Head of Multifamily from both Fannie Mae and Freddie Mac, share their insights on the multifamily finance ecosystem and ongoing policy priorities that shape the way forward for our industry and communities.
Commercial and Multifamily People in the News Jan. 5, 2023
Personnel News from Freddie Mac, The Calida Group and Northmarq.
MBA CREF Policy Update Jan. 5, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.