The pandemic and market pressures are forcing the retail sector to innovate, reported Colliers, Toronto.
Category: News and Trends
MBA Opens Doors Foundation Kicks Off 2022 Fundraising Season with $3.2 Million in Donations
The MBA Opens Doors Foundation announced it received $3.2 million in corporate and individual donations during its first two days of the FY 2022 fundraising campaign, September 8-9.
FHFA Extends COVID-19 Multifamily Forbearance
The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to tenant protections the agency imposed during the pandemic.
Affordable Housing Vacancy Rates Remain Tight
The national vacancy rate for Low-Income Housing Tax Credit-supported affordable housing dipped 0.1 percent in the second quarter to 2.5 percent, said Moody’s Analytics REIS, New York.
CFPB: Renters at Risk as COVID-19 Safety Net Ends
The Consumer Financial Protection Bureau released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end.
Multifamily Market Musings: A Conversation with Kim Betancourt From Fannie Mae
Kim Betancourt is Fannie Mae’s Senior Director of Economics and Multifamily Research. She manages a team of real estate economists that focus exclusively on the multifamily sector. They analyze current economic conditions at both the national and local level, determining their impact on the multifamily sector and identifying future trends.
Fitch Ratings: The Future of New York Office Space
As the largest U.S. office market, New York provides a good case study of possible pandemic pressures on office demand, said Fitch Ratings, New York.
Commercial/Multifamily Briefs from CBRE, Tauro Capital Advisors
CBRE, Dallas, launched Healthcare Shield, a suite of processes, technology, training and assessments designed to help healthcare clients achieve compliance standards.
Personnel News From Grandbridge, Marcus & Millichap Capital Corp., CBRE
Grandbridge Real Estate Capital LLC hired Donald Billingsley as a Mortgage Loan Officer on its Atlanta loan origination team.
Quote
“Strong demand from all the major capital sources led to another increase in the amount of commercial and multifamily mortgage debt outstanding.”
–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.