Chad Musgrove is Associate Director with Lument, a subsidiary of ORIX Corporation USA. He has a decade of experience in real estate and financial services consulting.
Category: News and Trends
Dealmaker: Gantry Secures $34M To Recapitalize Arizona Retail Center
Gantry, San Francisco, secured $34 million to recapitalize the Wilmot Plaza destination retail center in Tucson, Ariz. for a legacy-hold operator.
Keeping Current With David Harrison From Midland Loan Services
Sometimes overlooked whilst not as glamorous as property investing nor loan originations, servicing nonetheless serves as the backbone of the commercial/multifamily finance industry. The sector is dynamic, complex and fundamental to the broader industry’s successes or failures long after closing dinners occur on the front end of lending businesses.
Apartment Rents Up 13% Year Over Year
Apartment rents increased nearly 13 percent nationwide over the past year–the highest rate in at least two years–but growth slowed slightly in October, reports from Redfin and RealPage said.
CBRE: Hybrid Work Has Companies Facing New Set of Office Occupancy Challenges
CBRE, Dallas, said as companies bring employees back to the office, executives grapple with new complexities: tracking daily occupancy, managing seating assignments, finding the right balance of individual versus collaborative space.
Slow Payments Cost Construction Industry $136B in 2021
Rabbet, Austin, Texas, released its annual 2021 Construction Payments Report, which found general contractors and subcontractors estimate that the cost of floating payments for wages and invoices represents $136 billion in excess cost to the industry, a 36 percent increase from the cost reported in 2020.
MBA Announces 2022 Affordable Rental Housing Advisory Council
The Mortgage Bankers Association announced members of its 2022 Affordable Rental Housing Advisory Council. The Advisory Councils on affordable rental housing and affordable homeownership were formed in 2019 to provide important strategic and practical guidance to MBA’s CONVERGENCE Initiative, the association’s affordable housing effort.
KBRA: Pandemic Shutdown Bifurcates Commercial Real Estate Market
Pandemic-related shutdowns and restrictions bifurcated the commercial real estate market based on its demand generators, reported Kroll Bond Rating Agency, New York.
JLL: Value-Add Office Back in Favor
Many office investors focused on core office properties during the pandemic, but value-add liquidity is quickly recovering as clarity surrounding rent growth and the future of office demand improve, said JLL, Chicago.
MBA Promotes Bruce Oliver, Laura Hopkins
The Mortgage Bankers Association promoted Bruce Oliver to Vice President of Commercial and Multifamily Policy and Laura Hopkins to Vice President of Member Relations.