News in brief from Merchants Capital, Blackstone, Bluerock Capital and Savills.
Category: News and Trends
Quote
“A continuing slowdown in across-the-board leasing velocity reflects mounting concerns among small businesses that economic conditions will get worse before they get better. The Federal Reserve appears hellbent on taming the inflation tiger, and the current regime of interest rate hikes has taken the air out of the proverbial balloon, has raised market risks and may level potentially punishing effects on all commercial real estate market participants.”
–Boxwood Means Principal and Co-Founder Randy Fuchs.
MBA: Commercial/Multifamily Lending Expected to Fall in 2022 Amid Ongoing Economic Uncertainty
The Mortgage Bankers Association, in an updated baseline forecast, said total commercial and multifamily mortgage borrowing and lending is expected to fall to $766 billion this year, down 14 percent from 2021 totals ($891 billion).
CREF Returns to San Diego, Feb. 12-15
The Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo takes place Feb. 13-16 at the Manchester Grand Hyatt in San Diego.
Deadline Oct. 14: Voting for 2023 MBA Officers, New & Returning Directors Underway
The voting period for election of the Mortgage Bankers Association’s FY 2023 officers and new and returning directors is underway.
Voting for 2023 MBA Officers, New & Returning Directors Underway; Deadline Oct. 14
The voting period for election of the Mortgage Bankers Association’s FY 2023 officers and new and returning directors is underway.
CMBS Supply-Demand Fundamentals Improve Slightly
Moody’s Investors Service, New York, said the supply and demand outlook for most property types in the securitized commercial real estate market improved slightly in the second quarter.
MBA Comments on Prudent Commercial Real Estate Loan Accommodations and Workouts
The Mortgage Bankers Association commented on a proposed policy statement on commercial real estate loan accommodation and workouts published by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp. and the National Credit Union Administration.
MBA Opens Doors Foundation Kicks Off 2023 Fundraising Season with Nearly $2.7 Million in Donations
The MBA Opens Doors Foundation announced it received nearly $2.7 million in corporate and individual donations during its FY 2023 fundraising campaign, held September 7-8.
American Housing Survey: 2020, 2021 Benefited Homeowners, Challenged Renters
In general, 2020 and 2021 were good years for homeowners but challenging years for many renters, HUD and the Census Bureau said in the annual American Housing Survey.