Jones Lang LaSalle Inc., Chicago, appointed Ben Breslau to the newly established role of Chief Research Officer, effective immediately. He will work closely with the firm’s Global Executive Board and chair the firm’s Global Research Executive Board.
Category: News and Trends
MBA RIHA: Fewer Households Missed Housing Payments in Second Quarter
Slightly under five million households did not make their rent or mortgage payments in the second quarter, updated research from the Mortgage Bankers Association’s Research Institute for Housing America reported.
MBA: GSE Compensation Should be Sufficient to Attract Best Talent
The most important asset Fannie Mae, Freddie Mac and the Federal Home Loan Banks have is their human capital, so their compensation must be sufficient to attract and retain top talent, the Mortgage Bankers Association said in a letter to the Federal Housing Finance Agency Tuesday.
CDC Issues New Residential Eviction Moratorium Through October 3, 2021
On Tuesday the Centers for Disease Control and Prevention issued a new order temporarily halting residential evictions through October 3 in counties with “heightened levels of community [COVID-19] transmission.”
FHFA Encourages Landlords to Apply for Emergency Rental Assistance Before Evicting Tenants
The Centers for Disease Control’s eviction moratorium expired July 31, but the Department of Agriculture, HUD, the Department of Veterans Affairs and the Federal Housing Finance Agency extended their foreclosure-related eviction moratoria until September 30. The agencies issued a joint statement encouraging landlords of properties backed by Fannie Mae or Freddie Mac to apply for Emergency Rental Assistance before starting the eviction process for non-payment of rent.
Global Commercial Real Estate Brokerage, Management Market Could Reach $424B by 2030
Allied Market Research, Portland, Ore., said the global commercial real estate brokerage and management market generated $209 billion in 2020 and could reach $424 billion by 2030.
Dealmaker: Newmark Closes $146M San Diego Office Sale
Newmark, New York, sold 296,000-square-foot San Diego office complex Sorrento Towers for $146 million.
MISMO Creates Community of Practice to Explore Market Need, Potential Standards for ESG Initiatives
MISMO®, the real estate finance industry standards organization, created a new Community of Practice focused on exploring potential standards for Environmental, Social & Governance initiatives to meet the needs of market participants.
Demand for Logistics Space to Grow, Led By E-Commerce
Demand for logistics facilities will likely intensify over the next three years. But limited land supplies and increased pressure for environmental sustainability practices must be addressed to sustain this growth, said JLL, Chicago.
Multifamily Nearing Pre-Pandemic Trend
Demand for multifamily housing now exceeds pre-pandemic levels, and Freddie Mac Multifamily projects rising rents, falling vacancies and a record-setting origination market in 2021.