Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Category: News and Trends
CRE People in the News September 29, 2022
Personnel News from CBRE, JLL, Greystone and KeyBank Real Estate Capital.
Dealmaker: M&T Realty Capital Corp. Provides $99M in Utah, Virginia
M&T Realty Capital Corp., Baltimore, provided $98.6 million for multifamily properties in Utah and Virginia.
Push to Modernize Spurs Industrial Construction
The advanced age of U.S. warehouses–43 years on average–is spurring record construction as big e-commerce and retail distributors demand larger, more modern facilities, reported CBRE, Dallas.
Closing the Racial Capital Gap
Enterprise Community Partners, Columbia, Md., said access to capital remains the biggest hurdle facing small-scale Black, Indigenous and other people of color real estate developers–and it suggests some solutions.
Freddie Mac Apartment Investment Index Falls
Freddie Mac, McLean, Va., said multifamily market investment conditions continued their deterioration in the second quarter as price appreciation and rising mortgage rates more than offset net operating income growth.
Institutional Investors Lower Return Expectations
Institutional investors are lowering their real estate return expectations, the Pension Real Estate Association reported.
MISMO Seeks Nominations for Standards Governance Committee Members
MISMO® seeks nominations for qualified industry professionals to serve on MISMO’s Standards Governance Committees for a two-year term beginning in January 2023. Positions are available on both the Residential and Commercial Standards Governance Committees.
MBA: 2Q Commercial/Multifamily Mortgage Debt Outstanding Up by $99.5B
Commercial/multifamily mortgage debt outstanding increased by $99.5 billion (2.3 percent) in the second quarter, the Mortgage Bankers Association reported in its quarterly Commercial/Multifamily Mortgage Debt Outstanding report.
Inflation’s Impact on Retail Real Estate
Colliers International, Toronto, said consumers are not alone in feeling elevated inflation–higher costs are problematic for retailers, too.