Multifamily lenders provided a record $487.3 billion in new apartment buildings with five or more units, the Mortgage Bankers Association reported Tuesday.
Category: News and Trends
CBRE: Office Lease Rates Highlight Flight-to-Quality Trend
CBRE, Dallas, said office rental trends indicate a “flight to quality” playing out across 12 major U.S. markets as companies adapt their workplaces for hybrid work.
Freddie Mac: Approaches to Low-Income Housing Climate Resiliency Vary
As the number of weather-related disasters increases, states have implemented a range of requirements and incentives to mitigate their impact on federal Low-Income Housing Tax Credit properties, reported Freddie Mac, McLean, Va.
Gross Domestic Product Contracts at 0.9% Pace
Real gross domestic product decreased at an annual rate of 0.9 percent in the second quarter–the second consecutive quarter with a decline–the Bureau of Economic Analysis said Thursday.
Dealmaker: Boulder Group Arranges $20M Grocery Property Sale
Net leased investment brokerage form The Boulder Group, Wilmette, Ill., sold a single-tenant net leased Pick ‘n Save property in Milwaukee, Wis. for $20 million.
CREF Policy Update August 4, 2022
Last Wednesday, the Treasury Department announced new guidance that will give state, local, and tribal governments more flexibility to use COVID-19 State and Local Fiscal Recovery Funds to finance affordable housing.
CRE People in the News Aug. 4, 2022
JLL Capital Markets said Daniel Digerness joined the firm as a Director in its Phoenix office. He will focus on debt and equity advisory across all product types in Phoenix and the southwestern U.S.
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“Strong property fundamentals, rising values and low interest rates all contributed to the jump in volume, as well as strong demand from every capital source to make multifamily loans. The mix of lenders in the data show the depth and diversity of the apartment lending market.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
CREF Policy Update: July 28, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Treasury Department Issues Guidance to Increase Affordable Housing Supply
The Treasury Department issued new guidance Wednesday to increase state, local and tribal governments’ ability to use American Rescue Plan funds to increase affordable housing. The Mortgage Bankers Association commended the Biden administration for its commitment to addressing the ongoing housing shortage.