PGIM Real Estate appointed Christy Lockridge as its chief diversity, equity and inclusion officer, based in Chicago. She will build upon the firm’s expanded commitment to advancing diversity, equity and inclusion and will lead the business’s first formal DEI office.
Category: News and Trends
MBA Commercial/Multifamily Finance Servicing and Technology Conference in Los Angeles May 15-18
The Mortgage Bankers Association’s Commercial/Multifamily Finance Servicing and Technology Conference takes place May 15-18 at the JW Marriott Los Angeles.
U.S. Hotel Profitability Reaches 28-Month High
STR, Hendersonville, Tenn., said March U.S. hotel gross operating profits reached their highest levels since 2019.
MBA Education, Superus Careers Partner on Mortgage Career Exchange Marketplace
MBA Education, the career advancement arm of the Mortgage Bankers Association, and Superus Careers, a U.S.-based employment recruiting firm, announced a partnership for mortgage professionals to maximize their employment options.
Industrial Fundamentals Break More Records
JLL, Chicago, reported the industrial sector vacancy rate fell for the sixth consecutive quarter in early 2022, from 3.8 percent to 3.4 percent.
CBRE: Most Companies Anticipate Reshaping Offices for Hybrid Work
CBRE, Dallas, said most office-using companies are developing long-term plans to expand or contract their office space now that employees are returning at least part-time after two years of mostly remote work.
Quote
“The strong momentum in commercial and multifamily borrowing and lending at the end of 2021 carried into the first quarter. The continued growth in lending activity is the result of the ongoing strong demand for certain property types like industrial and multifamily, as well as renewed interest in other property types that saw more dramatic declines during the early stages of the pandemic, such as hotel and retail.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
Commercial and Multifamily Briefs May 5, 2022
Commercial and Multifamily Briefs from CBRE, Colliers, Rockwood Capital.
Continuing Strong Performance for Institutional-Grade Real Estate
The National Council of Real Estate Investment Fiduciaries, Chicago, reported institutional-quality commercial real estate returned 5.33 percent in the first quarter.
Grandbridge’s Marcy Thomas Talks CMBS, DEI and CCMS
MBA NewsLink interviewed Marcy Thomas, Vice President and Portfolio Loan Manager with Grandbridge Real Estate Capital LLC, about CMBS servicing, DEI, the upcoming Commercial/Multifamily Finance Servicing and Technology Conference and what the CCMS designation means to her.