Draper & Kramer Commercial Finance Group, Chicago, arranged a $54 million loan on behalf of Vinayaka Hospitality for the acquisition of the Westin Michigan Avenue.
Category: News and Trends
CREF Policy Update: President Trump Issues Executive Order on National AI Regulation Standard; Federal Reserve Cuts Rates Again by 25 Basis Points
Commercial and multifamily developments and activities from MBA important to your business and our industry.
FOMC Cuts Rate 25 Basis Points; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee cut the federal funds rate target by 25 basis points on Dec. 10.
MBA Opens Doors Foundation Welcomes ICE Mortgage Technology’s John Hedlund to its Board of Directors
The MBA Opens Doors Foundation (Opens Doors) welcomed John Hedlund, 2026 MBA Vice Chair and Vice Chairman of ICE Mortgage Technology, to its Board of Directors. Opens Doors provides mortgage and rental assistance to families with critically ill or injured children, allowing parents and guardians to be by a child’s side during treatment, without fear of jeopardizing their home.
PREA Forecasts a ‘Modest’ Commercial Real Estate Recovery Next Year
The commercial real estate market could see a “modest” recovery next year, with total returns forecasted at 5.9% in 2026, according to the Pension Real Estate Association, Hartford, Conn.
MISMO Calls for Industry Professionals to Join the New Technology Impact and Enablement Community of Practice
MISMO, the real estate finance industry’s standards organization, is inviting industry professionals to join a newly formed Technology Impact and Enablement community of practice (CoP).
Forecast Predicts Market Will Steady More in 2026 for Buyers, Sellers, Renters
Realtor.com, Austin, Texas, released a 2026 forecast, predicting a market that will look more balanced.
Redfin Predicts a ‘Reset’ in 2026
Redfin, Seattle, predicts a “Great Housing Reset” will begin in 2026–a phenomenon it defines as a “years-long period of gradual increases in home sales and normalization of prices as affordability gradually improves.”
RentCafe: Apartment Hunting Still Hot Through 2025
RentCafe, Santa Barbara, Calif., released its year-end rental competitiveness report, finding that the U.S. rental market was more competitive in 2025 than 2024.
Zillow Forecasts Housing Market Will Warm in 2026
Zillow, Seattle, released a new forecast, predicting 2026 will see an increase in both home sales and values.