Moody’s Analytics REIS, New York, reported commercial real estate completions fell in the second quarter from an already record low first quarter.
Category: News and Trends
Multifamily Values Amid a Shifting Landscape
The summer has brought big news for the housing industry including but not limited to multifamily market participants.
Omaha Chamber of Commerce Inducts Rodrigo López, CMB, into Hall of Fame
The Greater Omaha Chamber of Commerce will induct former Mortgage Bankers Association Chairman Rodrigo López, CMB, into its Omaha Business Hall of Fame in a ceremony later this month.
MBA: 2021 Commercial/Multifamily Lending to Increase 31% to $578 Billion
Commercial and multifamily mortgage bankers are expected to close $578 billion in loans backed by income-producing properties in 2021, a 31 percent increase from 2020’s volume of $442 billion, according to a new forecast from the Mortgage Bankers Association.
Dealmaker: Gantry Secures $20M for Industrial Acquisition
Gantry, San Francisco, secured $9.6 million in financing for the $17.4 million acquisition of a recently constructed multi-tenant industrial property in Phoenix’s Southwest Industrial submarket.
Yardi Matrix: Institutions ‘Flocking’ to Build Single-Family Rentals
As the single-family rental market evolves, institutional players are jumping in with more than $10 billion allocated to the sector by institutions over the last few years, reported Yardi Matrix, Santa Barbara, Calif.
Fitch Ratings: Environmental Factors Can Affect CMBS Large Loan Ratings
Fitch Ratings, New York, said a property’s environmental impact and sustainability may influence commercial mortgage-backed securities bond ratings in single-asset single-borrower and large-loan transactions.
Proptech Changing Real Estate Industry
Real estate has not always been seen as the most technology-focused industry, but that is changing fast, the Urban Land Institute and law firm Goodwin said.
Lodging Demand Could Return to Pre-Pandemic Level By Late 2023
CBRE Hotels, Dallas, said U.S. lodging demand could return to its pre-pandemic level by fourth-quarter 2023.
Personnel News From JLL, BWE Investment Sales
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.