Commercial and multifamily developments and activities from MBA important to your business and our industry.
Category: News and Trends
Chart of the Week: End-of-Quarter Delinquency Status, by Property Type, Share of Total Unpaid Principal Balance
Delinquency rates for commercial property mortgages increased in the fourth quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial Real Estate Finance (CREF) Loan Performance Survey.
RentCafe: Record Office-to-Apartment Unit Conversions Projected
RentCafe, Santa Barbara, Calif., found a record 70,700 apartments are set to be converted from office space.
Higher-End Hotels Will Drive Industry Performance, CoStar and Tourism Economics Forecast
Higher-end hotels will continue to drive industry performance, according to CoStar, Washington, D.C. and Tourism Economics, Philadelphia.
Dealmaker: Berkadia Arranges $126M Sale, $94M Financing in Sacramento
Berkadia, Ambler, Pa., arranged the $126 million sale of The Strand, a new 408-unit, garden-style apartment community in West Sacramento, Calif.
Commercial and Multifamily People in the News, February 6, 2025
Commercial and multifamily personnel news from Greystone, JLL, Mount Street, CBRE and Peachtree Group.
FOMC Holds Rates Steady; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee left interest rates unchanged Jan. 29.
MBA’s Actions, Updates Regarding Clarity of OMB Memo
As of close of business on Jan. 29, the White House has rescinded the Office of Management and Budget memo released Jan. 27 addressing federal funding.
Dealmaker: JLL Arranges $41.65M for Retail Center in Illinois
JLL, Chicago, secured $41.65 million in financing for a grocery-anchored shopping center in Wheaton, Ill.
CMF Quote of the Week
“MBA congratulates Scott Turner on his confirmation to serve as HUD Secretary. We will continue to advocate for policies and solutions that improve housing supply and affordability and stand ready to work with leadership and staff at HUD, the Federal Housing Administration, and Ginnie Mae as they carry out their important roles in supporting single-family and multifamily housing markets while protecting taxpayers.”
–MBA’s President and CEO Bob Broeksmit, CMB