Pacific Western Bank, Los Angeles, and Square Mile Capital Management, New York, provided $181.9 million for a multifamily development in White Plains, N.Y.
Category: News and Trends
Optimistic Commercial Real Estate Outlook Varies by Sector
Commercial real estate executives have an optimistic but staggered outlook for the next 12 months, reported Transwestern, Houston.
Fitch Ratings: Robust Housing Market Supports Outsized U.S. Title Insurer Returns
Fitch Ratings, New York, said U.S. title insurance firm profitability should continue to exceed rating expectations over the near term, supported by a robust single- and multifamily housing market.
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“MBA strongly supports the administration’s efforts to increase the housing supply by encouraging the construction and rehabilitation of affordable apartments and homes for renters and first-time buyers. The lack of supply is a huge problem, and HUD and FHFA should do what they can administratively while Congress considers more significant initiatives. MBA looks forward to continuing to work with the administration, Congress, and all other stakeholders on ways to address supply constraints and ensure government programs appropriately complement private capital to help both renters and homeowners.” –MBA President and CEO Bob Broeksmit, CMB.
CREF Policy Update Sept. 2, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
MBA CONVERGENCE Webinar Sept. 16–Mayors and Affordable Housing: Perspective from City Hall
MBA CONVERGENCE presents the next in its Webinar Series, Mayors and Affordable Housing: Perspective from City Hall, on Thursday, Sept. 16 from 1:30-2:15 p.m. ET.
MBA CONVERGENCE Partner Profile: Sarah Garland of CBRE
Sarah Garland is Director of Production for Affordable Housing and FHA Lending with CBRE, Seattle, responsible for supporting the origination of affordable and workforce housing debt financing. She leads a company initiative to leverage CBRE’s broad originations platform with the deep expertise of the CBRE Affordable Housing and FHA teams in the regulated multifamily finance market.
CMBS Delinquency, Special Servicing Rates Dip Again
“More of the same” was the commercial mortgage-backed securities delinquency rate headline in July, according to Trepp Senior Managing Director Manus Clancy.
Personnel News From Greystone, The Mogharebi Group
Greystone, New York, announced Brett Gaffan joined the firm as Senior Managing Director in its commercial mortgage-backed securities lending group, based in New York.
Hotel Investment Appetite Grows Despite Mixed Post-Pandemic Results
Hotel investment activity grew sharply in the first half of 2021 despite continued mixed performance results, according to separate reports on an industry hard hit by the coronavirus pandemic.