As the commercial/multifamily industry reemerges from the pandemic, MBA Newslink interviewed former Mortgage Bankers Association Board of Directors member and first Chair of MBA’s Commercial/Multifamily Board of Governors, Shekar Narasimhan, CMB.
Category: News and Trends
Commercial Property Price Growth Breaks Records as Demand Swells
U.S. commercial property price growth reached its fastest annual rate in years this fall amid intense investor demand for commercial real estate, Real Capital Analytics reported.
Personnel News From JLL, Marcus & Millichap, Merchants Capital
The JLL Valuation Advisory group hired professional engineer Benjamin Hestir to join its Environmental and Property Condition team as a Project Management Director specializing in environmental site assessment.
Quote
“None of us have lived through a pandemic before, so forecasting the ‘after’ is not only hard, but probably pretty risky. Nevertheless, we absolutely lucked out in pretty much every asset class, except for retail, and even in that, the bounce back is significant.”
–Shekar Narasimhan, CMB.
In A Multifamily Minute: Perspective from Lument’s Chad Musgrove
Chad Musgrove is Associate Director with Lument, a subsidiary of ORIX Corporation USA. He has a decade of experience in real estate and financial services consulting.
Dealmaker: Gantry Secures $34M To Recapitalize Arizona Retail Center
Gantry, San Francisco, secured $34 million to recapitalize the Wilmot Plaza destination retail center in Tucson, Ariz. for a legacy-hold operator.
Keeping Current With David Harrison From Midland Loan Services
Sometimes overlooked whilst not as glamorous as property investing nor loan originations, servicing nonetheless serves as the backbone of the commercial/multifamily finance industry. The sector is dynamic, complex and fundamental to the broader industry’s successes or failures long after closing dinners occur on the front end of lending businesses.
Apartment Rents Up 13% Year Over Year
Apartment rents increased nearly 13 percent nationwide over the past year–the highest rate in at least two years–but growth slowed slightly in October, reports from Redfin and RealPage said.
CBRE: Hybrid Work Has Companies Facing New Set of Office Occupancy Challenges
CBRE, Dallas, said as companies bring employees back to the office, executives grapple with new complexities: tracking daily occupancy, managing seating assignments, finding the right balance of individual versus collaborative space.
Slow Payments Cost Construction Industry $136B in 2021
Rabbet, Austin, Texas, released its annual 2021 Construction Payments Report, which found general contractors and subcontractors estimate that the cost of floating payments for wages and invoices represents $136 billion in excess cost to the industry, a 36 percent increase from the cost reported in 2020.