Real Capital Analytics, New York, reported commercial real estate sales activity climbed in July and the rate of price growth accelerated.
Category: News and Trends
Data Centers Seeing Strong Growth
Data centers had a fantastic first half of 2021, with strong absorption delayed only by a lack of supply, reported Cushman & Wakefield, Chicago.
Commercial and Multifamily Briefs From KKR, JLL
KKR, New York, formed Strategic Lease Partners, a new platform to invest in triple-net lease real estate.
Personnel News From JLL, Lument
JLL Capital Markets, Chicago, hired Melissa Marcolini Quinn and Lee Weaver as Senior Managing Directors to oversee their respective office’s debt and equity platform.
Dealmaker: Pacific Western Bank, Square Mile Capital Provide $182M for New York Multifamily
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.
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.
Quote
“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.