RCLCO, Washington, D.C., reported its Real Estate Market Sentiment Index decreased 26.9 points over the past six months and dropped 80.6 points since the most recent peak.
Category: News and Trends
Apartment Rents Fall for 3rd Straight Month; Leasing Traffic Remains Soft
RealPage, Richardson, Texas, reported apartment rents declined in November for the third consecutive month.
MBA: 3Q Commercial, Multifamily Mortgage Debt Outstanding Up $70B
Commercial and multifamily mortgage debt outstanding increased by $70.0 billion (1.6 percent) in the third quarter, the Mortgage Bankers Association reported in its quarterly Commercial/Multifamily Mortgage Debt Outstanding Report.
CMBS Special Servicing Rate Rises Again
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate increased in November for the fourth consecutive month.
Dealmaker: Walker & Dunlop Structures $385M Brooklyn Financing
Walker & Dunlop, Bethesda, Md., structured nearly $385 million in financing for 470 Kent Avenue, a mixed-use development on the East River waterfront in Brooklyn’s Williamsburg neighborhood.
RentCafe: Multifamily Boosts Self-Storage Sector
RentCafe, Santa Barbara, Calif., reported self-storage development is being spurred by new apartments coming online all across the country.
Quote
“The amount of commercial and multifamily mortgage debt outstanding increased during the third quarter, driven almost entirely by a large increase in the portfolio holdings of banks and other depositories. The increase in bank holdings was the largest quarterly increase of any individual capital source in the history of MBA’s series. For most other capital sources, their holdings of commercial and multifamily mortgages grew at a slower rate than during the second quarter of 2022.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research.
MBA Commercial/Multifamily News Dec. 15, 2022
To read more about upcoming MBA conferences and education, click on the headline.
MBA CREF Policy Update Dec. 15, 2022
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial and Multifamily People in the News Dec. 8, 2022
Personnel News from JLL, NewPoint Real Estate Capital LLC.