Greystone, New York, provided a $58.6 million Freddie Mac Workforce Preservation program loan to refinance a 427-unit multifamily property in Elk Grove Village, Ill.
Category: News and Trends
CREF Policy Update: Trump Administration Releases Additional Details on FY 2026 Budget Proposal
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial and Multifamily People in the News June 12, 2025
Commercial and multifamily personnel news from JLL, Merchants Bank, Greystone and Northmarq.
CMF Quote of the Week
“MBA congratulates Andrew Hughes on his confirmation to serve as HUD Deputy Secretary. We look forward to continuing our important work with him, Secretary Turner, and HUD staff on policies and initiatives that lower single-family and multifamily financing costs and increase homeownership and rental housing opportunities for all Americans.”
–MBA President and CEO Bob Broeksmit, CMB,
Apartment Construction Increasing in Smaller Metros
Apartment construction is shifting to counties with lower population densities, the National Association of Home Builders’ Home Building Geography Index reported.
CBRE Reports Office Conversions, Demolitions Will Exceed New Construction in 2025–Aiding Office Market Recovery
More office space will be removed from the U.S. market this year than added to it for the first time since at least 2018, which indicates the market is stabilizing, according to CBRE, Dallas.
RentCafe: Millionaires Increasingly Likely to Rent
RentCafe, Santa Barbara, Calif., found that the number of millionaire renters has tripled since 2019.
Trepp: CMBS Delinquency Rate Increased Slightly in May
Trepp, New York, reported that its CMBS delinquency rate rose to 7.08% in May, up five basis points.
BofA: 60% of Homeowners, Prospective Buyers Uncertain About Housing Market
Uncertainty among current homeowners and prospective buyers has reached a three-year high, with 60% unsure whether now is a good time to buy a home, compared to 48% two years ago, Bank of America reported.
Dealmaker: JLL Arranges $136M Refinancing for Fairmont Orchid in Hawaii
JLL’s Hotels & Hospitality Group arranged a $136 million refinancing for the Fairmont Orchid, a 540-key resort on Hawaii’s Big Island.