The North American data center sector is charging full speed ahead, with colocation vacancy plummeting to a record low of 2.6% and absorption levels doubling in just two years, according to JLL, Chicago.
Category: News and Trends
Commercial and Multifamily Mortgage Debt Outstanding Increased in Fourth Quarter
The level of commercial and multifamily mortgage debt outstanding at the end of 2024 was $172 billion (3.7%) higher than at the end of 2023, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Dealmaker: Walker & Dunlop Advises on $420M Brooklyn Recapitalization
Walker & Dunlop, Bethesda, Md., arranged the $420 million recapitalization of Hub, a 750-unit high-rise multifamily building in downtown Brooklyn, N.Y.
CREF Policy Update: Senate Confirms William Pulte as FHFA Director
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial People in the News, March 20, 2025
Industry personnel news from JLL, CBRE, Lument and Merchants Capital.
ULI & RCLCO: Households Face Significantly Higher Cost Burdens Than a Decade Ago
Housing cost burden is increasing across the country. In nearly every major market, households earning under $50,000 are significantly more cost-burdened than they were 10 years ago, according to the Urban Land Institute and RCLCO.
MBA Statement on the Nomination of Andrew Hughes as HUD Deputy Secretary
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on Andrew Hughes’ nomination to serve as Deputy Secretary at the Department of Housing and Urban Development (HUD).
CMF Quote of the Week
“On behalf of MBA, I congratulate Andrew Hughes on being nominated to serve as the next Deputy Secretary at HUD. His prior experience as HUD Chief of Staff for Secretary Ben Carson gives him a unique perspective on ways to improve HUD’s operations, including its programs to support affordable homeownership and rental housing opportunities.”
–MBA’s President and CEO Bob Broeksmit, CMB
Single-Family Construction Ends 2024 With Growth; Greater Uncertainty for 2025
A lack of existing home inventory boosted single-family construction growth in all geographic regions to end 2024, according to the National Association of Home Builders Home Building Geography Index for fourth-quarter 2024.
Office Building Owners Offering Fewer Concessions to Tenants, CBRE Finds
The enticements that companies receive to sign new office leases declined last year, on average, for the first time since at least 2019, according to CBRE, Dallas.