Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Category: News and Trends
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“This is a good sign for the office market and the economy in general, though it still will require a lot of activity and time to materially reduce the large volume of sublease space that has been put on the market during the pandemic.”
–Julie Whelan, CBRE Global Head of Occupier Research, saying office space offered for sublease registered its first monthly decline in August since the pandemic started.
Commercial/Multifamily Briefs from Seyfarth, Marcus & Millichap Capital Corp., M&T Realty Capital Corp.
Law firm Seyfarth became one of the first signees of CREW Network’s CRE Pledge for Action, an industry-first CEO-driven initiative to advance women and elevate actions encouraging greater diversity, equity and inclusion in commercial real estate.
Updated State Commercial Mortgage Licensing Resource Now Available
The Mortgage Bankers Association has updated its state-by-state compilation of commercial/multifamily mortgage licensing requirements.
ESG and its Impacts on CRE
Environmental, Social and Governance criteria is an investment strategy focused on making the world a better place. This is not a new idea; versions of sustainable investing trends have emerged in the past. But the explosive growth and rapidly increasing capital allocation toward “ESG” friendly assets is unprecedented.
CMBS Delinquency Rate Shrinks, Cumulative Default Rate Increases
The commercial mortgage-backed securities delinquency rate continues to shrink, but the cumulative loan default rate increased slightly in first-half 2021, according to two new reports from S&P Global Ratings and Fitch Ratings.
Office Demand Increases, But Full Return Remains Far Off
New demand for office space rose in August, indicating the Delta variant did little to damp employers’ searches.
MBA: September Commercial, Multifamily Mortgage Delinquencies Decline
Delinquency rates for mortgages backed by commercial and multifamily properties declined in September, the Mortgage Bankers Association’s latest CREF Loan Performance Survey reported.
Trepp: Bank Commercial Real Estate Loan Performance ‘Not Bad, But Maybe Not That Great’
Trepp, New York, said delinquency rates for commercial real estate loans held by banks are declining after increasing modestly last year.
Dealmaker: Mesa West Capital Provides $77M for Florida Apartment Community
Mesa West Capital, Los Angeles, provided $77 million in first mortgage debt for Alta Congress, a 369-unit multifamily property in Delray Beach in Palm Beach County, Fla.