News in brief from HUD, Strawberry Fields REIT, Aeon Investments.
Category: News and Trends
Don’t Miss MBA #CREF23
Join thousands of your commercial and multifamily real estate colleagues in San Diego for the MBA Commercial/Multifamily Finance Convention & Expo, Feb 12-15, 2023.
mPact 2022: Cook Like a Pro with Chef Joe Sasto Benefiting the MBA Opens Doors Foundation Nov. 10
Each fall, mPact, MBA’s network for young professionals, embarks on a campaign of giving back to families in our communities. This fundraising event is the first of four that will benefit the MBA Opens Doors Foundation, which provides mortgage and rental grants to families with critically ill or injured children.
ULI, PwC: Property Markets Normalizing, But Pandemic-Related Changes Endure
The real estate market is bifurcating, the Urban Land Institute and PwC US reported. Some aspects are reverting to pre-covid patterns while others have permanently shifted to the post-pandemic new normal.
RealPage: Gateway Markets See More Volatile Apartment Rents
The COVID pandemic hit apartment markets nationwide, but different markets saw very different effects, reported RealPage, Richardson, Texas.
Robust Spending Boosts 3Q GDP
After two quarters in negative territory, real U.S. gross domestic product swung positive in the third quarter, according to the first (advance) estimate released by the Bureau of Economic Analysis last Thursday.
LEED-Certified Office Buildings Command Higher Rents
CBRE, Dallas, reported LEED-certified office buildings command a rent premium over their non-certified peers as the market endures the reverberations of the COVID-19 pandemic and remote work.
Dealmaker: Barings Provides $12M For Brooklyn Affordable Housing Property
Barings, Charlotte, N.C., provided $11.5 million in permanent financing for Euclid Glenmore Apartments, an affordable multifamily housing development in Brooklyn’s East New York neighborhood.
Institutional Real Estate Returns Shrink in Q3
The National Council of Real Estate Investment Fiduciaries reported institutional-quality commercial real estate returned 0.57% in the third quarter, down from 3.24% in the second quarter.
Katie Parsons of JLL on Today’s Industrial Sector
Katie Parsons is Managing Director and Head of the Industrial Sector for JLL Valuation Advisory, which conducts assignments throughout the United States across property types.