Merchants Capital, Carmel, Ind., has secured $25.2 million in financing as part of the recapitalization and rehabilitation of Manhattan’s Westbeth Artists Housing, a 384-unit mixed-use affordable artist housing development.
Category: News and Trends
CREF Policy Update: MBA Shares Views on GSE Release/Re-privatization at Treasury, FHFA Meetings
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Asking Rents Rise in August, Redfin Reports
Redfin, Seattle, found the median U.S. asking rent rose 2.6%–or $45–year-over-year to hit $1,790 in August.
Commercial and Multifamily People in the News, Sept. 18, 2025
Commercial and multifamily industry personnel news from CBRE, KBRA, Pace Loan Group and JLL.
MBA: Commercial and Multifamily Mortgage Delinquency Rates Increased in Second-Quarter 2025
Commercial mortgage delinquencies increased in the second quarter of 2025, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
CMF Quote of the Week
“The delinquency rate for commercial mortgages increased in the second quarter of 2025 across most major capital sources.”
–Reggie Booker, MBA’s associate vice president of Commercial Real Estate Research
National Housing Conference Report: Middle-Class Americans Priced Out
Middle-class Americans now face a housing affordability crisis once reserved for low-income families, according to a new report from the National Housing Conference.
Redfin Finds the Homeowner Population Fell in Q2
Redfin, Seattle, in a new analysis, found that the number of U.S. homeowner households dropped by 0.1% year-over-year to an estimated 86.2 million in Q2.
JLL: Mixed-Use ‘Lifestyle Office Markets’ Defy Broader Office Market Challenges
Office properties in vibrant mixed-use districts are dramatically outperforming the rest of the U.S. office market, according to JLL, Chicago.
Jobs Up by 22,000 in August, Unemployment at 4.3%, BLS Reports
The Bureau of Labor Statistics released August jobs data Friday morning, finding that total nonfarm payroll employment ticked up by 22,000, and the unemployment rate is little changed at 4.3%.