Berkadia, New York, expanded its proprietary lending platform by launching the BRC Multifamily Bridge Loan Fund LP, an open-ended fund managed by Berkadia Capital Advisors LLC. The firm hired Chuck Lee as Senior Managing Director of Capital Markets.
Category: News and Trends
August Office Space Offered For Sublease Declines
CBRE, Dallas, said office space offered for sublease registered its first monthly decline in August since the pandemic started.
September CMBS Delinquency, Special Servicing Rates Drop
Fitch Ratings, New York, and Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate continued its steady fall in September.
Dealmaker: NorthMarq Secures $132M for Six Multifamily Assets
NorthMarq, Minneapolis, completed $132 million in financing for six California and Washington multifamily properties.
REITs Show Significant 2021 Gains
JLL, Chicago, said real estate investment trusts have shown strong earnings growth in 2021.
A Record Year for Adaptive Reuse
More than 20,000 units in older office and other commercial buildings will be converted to apartments this year, reported RentCafe, Santa Barbara, Calif.
Commercial Real Estate Prices Rise Again
Real Capital Analytics, New York, reported all four major commercial real estate types posted double-digit annual price growth in August.
Personnel News Oct. 16 2021
M&T Realty Capital Corp., Baltimore, appointed Donna Falzarano as a Managing Director in its Florham Park, N.J. office.
CREF Policy Update Oct. 14, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Quote
“This is a good sign for the office market and the economy in general, though it still will require a lot of activity and time to materially reduce the large volume of sublease space that has been put on the market during the pandemic.”
–Julie Whelan, CBRE Global Head of Occupier Research, saying office space offered for sublease registered its first monthly decline in August since the pandemic started.