Grandbridge Real Estate Capital LLC hired David Gahagan as Senior Vice President to manage its new Boca Raton, Fla. office.
Category: News and Trends
CMF Briefs From Principal, Merchants Capital, Paramount Group
The Principal Real Estate Income Fund, traded on the New York Stock Exchange under the “PGZ” symbol, announced a 14.29 percent increase in its monthly distributions to $0.10 per share beginning in February.
Quote
“Organizational DEI practice is critically important to firms across the real estate industry, and measuring progress is essential to making progress.”
–Ed Walter, Global CEO of the Urban Land Institute, Washington, D.C.
Earvin “Magic” Johnson to Speak at CREF22
Entrepreneur, philanthropist, NBA legend and two-time Hall of Famer Earvin “Magic” Johnson will speak at the Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo.
FHFA Finalizes 2022-2024 Single-Family, 2022 Multifamily Housing Goals
The Federal Housing Finance Agency released benchmark levels for Fannie Mae and Freddie Mac single-family housing goals for 2022 through 2024 and benchmark levels for multifamily housing goals for 2022.
Earvin “Magic” Johnson to Speak at CREF22
Entrepreneur, philanthropist, NBA legend and two-time Hall of Famer Earvin “Magic” Johnson will speak at the Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo.
Multifamily Returns See Record Growth
SitusAMC, New York, reported multifamily investment returns grow in the third quarter as rents grew to record highs.
U.S. Office Transactions Overtake 2020 Volume; Vacancies Stable
Office sales completed through November exceeded $68 billion, surpassing last year’s total volume by 11 percent, reported Yardi CommercialEdge, Santa Barbara, Calif.
Dealmaker: Walker & Dunlop Completes $255M Florida Multifamily Sale
Walker & Dunlop, Bethesda, Md., completed the $255 million sale of The Landmark South, a 631-unit multifamily property in Doral, Fla., the 11th-fastest growing city in the U.S.
Hotel Performance Improving, But COVID-Variant Threat Persists
CBRE, Dallas, said average daily rate gains and a 35 percent year-over-year occupancy increase showed demand for U.S. hotels endured in Q3 despite the Delta variant.