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.
Category: News and Trends
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.
CMF Briefs From CBRE, Lev Partners, AppFolio Investment Management
CBRE Group, Dallas, acquired occupancy planning and technology services firm Buildingi to meet growing occupier demand for holistic occupancy management services.
Dealmaker: NewPoint Real Estate Capital Closes $27M for Multifamily
NewPoint Real Estate Capital, Plano, Texas, provided $27.4 million for multifamily properties in Holiday, Fla. and Oxford, Miss.
Diversity A Priority for Most CRE Firms
A new survey of diversity, equity and inclusion metrics for commercial real estate found a clear mandate and momentum for making DEI a priority.