The hotel sector is coming back–slowly–from its pandemic-related downturn, analysts said.
Category: News and Trends
Micro Trends: A Conversation with JLL on Growth in Life Sciences Real Estate Niche
Interest in life sciences real estate has jumped during the current public health crisis. MBA NewsLink interviewed JLL Executive Director of U.S. Life Sciences Markets Travis McCready, Managing Director Zach Bowyer and Senior Vice President Erik Hill about the sector.
CRE Property Prices Climbing Again
Commercial property price appreciation is comparable to that seen before the country’s initial Coronavirus lockdown last year, reported Real Capital Analytics, New York.
Dealmaker: Mesa West Capital Provides $47M in Mezzanine Loans
Mesa West Capital, Los Angeles, funded $47 million in mezzanine capital to finance commercial real estate transactions in Chicago and San Diego.
Rental Activity, Rents Increase
More renters moved last year than in 2019, and many of them relocated to big cities, reported Yardi Matrix, Santa Barbara, Calif.
Personnel News from Bellwether Enterprise, Walker & Dunlop
Bellwether Enterprise Real Estate Capital LLC, Cleveland, hired Kamara Green as National Director of Affordable Analytics and Sales.
CMF Briefs From Arbor, Colliers
Arbor, Uniondale, N.Y., launched a new Single-Family Rental Floating-Rate Permanent Financing specifically designed for SFR investors tailored around how SFR owners buy and sell properties within their portfolio.
MBA Seeks Nominations to Serve on COMBOG Committee by April 30
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) Nominating Committee seeks members’ recommendations for individuals to serve on the Board beginning this October in the Investor, Lender, Mortgage Banker and Servicer categories. This is an important process that determines the leadership for MBA’s commercial/multifamily membership.
Quote
“Companies seeking long-term leases will find that asking rents haven’t come down much, but overall concessions have increased. Those willing to get out in front of the full economic recovery can expect most landlords to be very accommodating.”–CBRE Global President of Advisory & Transaction Services Whitley Collins.
CMF News Briefs From HUD, Freddie Mac
HUD on Tuesday announced it is allocating $689,565,492 through the nation’s Housing Trust Fund for affordable housing.