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Category: News and Trends
MBA: C/MF Mortgage Delinquencies Decline to Lowest Level Since Pandemic
Delinquency rates for mortgages backed by commercial and multifamily properties continue to decline, according to two reports by the Mortgage Bankers Association.
Dealmaker: Berkadia Arranges $94M for Industrial, Multifamily Assets
Berkadia secured financing totaling $94.2 million for industrial and multifamily assets in Arizona and Indiana.
Personnel News From Freddie Mac, Greystone Special Servicing, Grandbridge Real Estate Capital
Freddie Mac, McLean, Va., named Jason Griest Vice President of Multifamily Securitization.
Sublease Space Weighing Office Market Down
Office vacancy rates have risen significantly since the pandemic hit. Yardi Matrix, Santa Barbara, Calif., reported one big reason for the spike: nearly every market has seen sublease space available jump.
JLL: Seniors Housing Sector Positioned for Growth
The seniors housing sector should grow as long-term demand remains positive and an aging Baby Boomer population needs more care, reported JLL Valuation Advisory, Chicago.
MBA Names Alden Knowlton Associate Vice President of Legislative Affairs; Rachel Kelley Associate Vice President of Political Affairs
The Mortgage Bankers Association named Alden Knowlton Associate Vice President of Legislative Affairs and hired Rachel Kelley as Associate Vice President of Political Affairs.
MBA Nominates Mark Jones of Amerifirst Home Mortgage as 2022 MBA Vice Chairman
The Mortgage Bankers Association nominated Mark Jones, CEO and Co-Founder of Amerifirst Home Mortgage, Kalamazoo, Mich. to serve as its Vice Chairman for the 2022 membership year. He is expected to be installed at the association’s 108th Annual Convention & Expo this October in San Diego.
CRE Price Growth Starts Second Quarter Strong
U.S. commercial property prices started the second quarter with healthy growth.
Longtime CRE Leader Stacey Berger Retires
Stacey Berger, Executive Vice President and longtime Co-Head of Midland, Overland Park, Kan., recently announced his retirement effective May 31.