VTS, New York, reported new demand for office space fell for the second consecutive month in October to a level last seen in the first quarter.
Category: News and Trends
Data Center Growth Raises Sustainability Questions
Data centers are in demand, driven by large companies, government agencies and others that require an online presence. But sector’s growth raises questions about its sustainability, said Cushman & Wakefield, Chicago.
Hotel Profits, Recovery Forecast Improve
U.S. hotel profitability increased in October, and the sector’s recovery trajectory forecast has improved, STR and Fitch Ratings reported.
RIHA: More Renters, Fewer Homeowners Missed Housing Payments in September, October
Renters were three times more likely than homeowners to miss payments during September and October, according to updated research released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America.
MBA: 3Q Commercial/Multifamily Mortgage Delinquency Rates Decrease
Commercial and multifamily mortgage delinquencies declined in the third quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.
KBRA Looks to 2022 Commercial Mortgage-Backed Securities Sector
Kroll Bond Rating Agency, New York, just released its 2022 Sector Outlook—CMBS: Full Steam Ahead report. MBA NewsLink interviewed KBRA’s Larry Kay and Patrick McQuinn to get their insights on the current lending environment and property fundamentals as well as factors that may affect property performance in 2022.
Shekar Narasimhan, CMB, of Beekman Advisors Discusses the State of Commercial/Multifamily
As the commercial/multifamily industry reemerges from the pandemic, MBA Newslink interviewed former Mortgage Bankers Association Board of Directors member and first Chair of MBA’s Commercial/Multifamily Board of Governors, Shekar Narasimhan, CMB.
Commercial Property Price Growth Breaks Records as Demand Swells
U.S. commercial property price growth reached its fastest annual rate in years this fall amid intense investor demand for commercial real estate, Real Capital Analytics reported.
Personnel News From JLL, Marcus & Millichap, Merchants Capital
The JLL Valuation Advisory group hired professional engineer Benjamin Hestir to join its Environmental and Property Condition team as a Project Management Director specializing in environmental site assessment.
Quote
“None of us have lived through a pandemic before, so forecasting the ‘after’ is not only hard, but probably pretty risky. Nevertheless, we absolutely lucked out in pretty much every asset class, except for retail, and even in that, the bounce back is significant.”
–Shekar Narasimhan, CMB.