CoreLogic, Irvine, Calif., said single-family rent growth reached 7.5% year-over-year in June, up from a 1.4% year-over-year increase a year ago.
Category: News and Trends
Commercial Real Estate Investment Rebounds
Commercial real estate investment has rebounded to pre-pandemic levels as vaccine rollouts and signs of economic recovery lure investors back into the market, analysts reported.
Analysts Lift 2021 Hotel Forecast, Lessen 2022 Growth Projections
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., upgraded their U.S. hotel sector forecast for 2021 but lowered growth projections for 2022.
Commercial/Multifamily Briefs from JLL, Freddie Mac
JLL, Chicago, agreed to acquire Skyline AI, a leading artificial intelligence technology company that uses proprietary machine learning models to gain a competitive advantage in originating and analyzing commercial real estate opportunities.
Zillow: Affordability Squeeze Approaches as House, Rent Prices Rise
Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are “quickly evaporating” as home prices and rents rise faster than incomes, said Zillow, Seattle.
Fitch: Return-to-Office Delays No Imminent Risk to Office REITs
Fitch Ratings, New York, said long-term office leasing plans will not likely be affected even if U.S. corporations continue to delay their return-to-office plans.
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.
Dealmaker: Dwight Capital Closes $168M in HUD, Bridge Financings
Dwight Capital, New York, closed $167.7 million in HUD 223(f) and bridge financings.
Personnel News From JLL, Greysteel
JLL Capital Markets hired 12-year industry veteran Michael Zaremski and 10-year industry veteran Michael Shmuely as Managing Directors with the firm’s New York Capital Markets team.
CREF Policy Update Aug. 19, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.