Newmark, New York, sold 296,000-square-foot San Diego office complex Sorrento Towers for $146 million.
Category: News and Trends
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.
CREF Policy Update Aug. 5, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
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“The greatest asset [Fannie Mae, Freddie Mac and the Federal Home Loan Banks] have is their human capital, so executive compensation must be set at a level sufficient to attract and retain top-level talent. It also is critical that compensation programs, and in particular incentive structures within these programs, foster competitive, liquid, efficient and resilient national housing finance markets while affirmatively promoting safety and soundness objectives.” –MBA President and CEO Robert Broeksmit, CMB.
MBA Seeks Participants in New Diversity, Equity and Inclusion Study
The Mortgage Bankers Association introduces a new offering to its members — the Diversity, Equity and Inclusion (DEI) Study — separately designed and compiled for both the residential and commercial/multifamily sides of the real estate finance industry.
Nomination Deadline Aug. 13: MBA DEI Leadership Commercial/Multifamily Award
Inspire change; share success. The Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in the areas of Diversity, Equity and Inclusion (DEI) internally through market outreach efforts with its annual DEI Leadership Awards.
Deadline July 31: MISMO Seeks Participants for Phase Two of Commercial Appraisal Dataset Standard
MISMO®, the real estate finance industry’s standards organization, seeks participants for its Commercial Appraisal Development Work Group (DWG) as Phase 2 kicks off with a focus on expanding the Commercial Appraisal Dataset Standard to include more data points related to retail, industrial and office (RIO) properties.
Dealmaker: JLL Secures $81M for Retail
JLL Capital Markets, Chicago, secured $80.5 million in acquisition financing for a five-property grocery-anchored retail portfolio in the Philadelphia area.