Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Category: News and Trends
MBA CREF Outlook Survey: Originators Bullish on 2022 Outlook
Commercial and multifamily mortgage originators anticipate 2022 will be another strong year of borrowing and lending, according to the Mortgage Bankers Association’s 2022 Commercial Real Estate Finance Outlook Survey.
2021 Commercial Property Prices Increase Nearly 25%
Green Street, Newport Beach, Calif., said its commercial property price index increased 24 percent in 2021 with robust price appreciation occurring in virtually every corner of the CRE market.
CMBS Delinquency, Special Servicing Rates Dip in December
Fitch Ratings, New York, said the commercial mortgage-backed securities delinquency rate dipped nine basis points in December to 2.67 percent, driven by robust new issuance, continued loan resolutions and fewer new delinquencies.
CBRE: Investor Interest in Commercial Real Estate Surpasses 2019 Level
Investor interest in commercial real estate remains strong despite increased uncertainty due to rising COVID-19 infections and a reduction in the Federal Reserve’s bond purchasing program, reported CBRE, Dallas.
Dealmaker: Gantry Secures $40M for Phoenix-Region Distribution Center
Gantry, San Francisco, secured $39.6 million in acquisition financing for a single-tenant distribution center in Phoenix’s Southwest industrial submarket.
Millennials, Gen Z Continue to Lag Behind in Homeownership
Millennials and Gen Z—the most underrepresented cohorts in homeownership—continue to lag behind after nearly two years into the coronavirus pandemic, according to a survey by PropertyShark, New York.
Renting Less Affordable Than Home Ownership in Most U.S. Markets
Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 58 percent of U.S. counties, reported ATTOM, Irvine, Calif.
Quote
“Commercial and multifamily mortgage professionals are bullish on 2022. After a strong market bounce-back in 2021, top mortgage bankers expect the momentum to continue in 2022 – with borrowing and lending increasing for every major capital source.” –Jamie Woodwell, MBA Vice President Commercial Real Estate Research
Personnel News from M&T Realty Capital Corp., Akerman, JLL, Transwestern
In an expansion of its current leadership team, M&T Realty Capital Corp., Baltimore, announced Michael Edelman, previously Group Vice President, has been named President of the organization.