The hospitality debt market is showing a resurgence as the lodging industry continues to recover, said JLL, Chicago.
Category: News and Trends
CRE Investors Show Increased Appetite for Risk
CBRE, Dallas, said commercial real estate investors are showing a clear shift in risk tolerance–and a new preference for secondary markets.
CDC Extends National Eviction Moratorium to June 30
The Centers for Disease Control and Prevention announced this week an extension to the eviction moratorium further preventing the eviction of tenants who are unable to make rental payments. The moratorium that was scheduled to expire on March 31 is now extended through June 30.
mPact’s Commercial Production Advisory Council Welcomes Maggie Burke as Chair
The Mortgage Bankers Association’s young professional’s group, mPact, welcomes a new chair this month for the Commercial Production Advisory Council, Berkadia’s Maggie Burke.
A ‘Resilient’ Net-Lease Retail Sector
As pandemic-related economic uncertainty loomed last year, investors looked to single-tenant net-leased properties for financial security and less volatility, said Colliers International, Toronto.
Dealmaker: Gantry Secures $26M for Office Properties
Gantry, San Francisco, secured $25.6 million in financing for two Seattle office assets.
A Conversation with MBA Affordable Housing Advisory Council Co-Chairs
The Mortgage Bankers Association recently created two Affordable Advisory Councils, dedicated to supporting CONVERGENCE, the MBA Affordable Housing Initiative. These Councils are currently led by four senior executives: Christine Chandler (M&T Realty Capital Corp.), Tony Love (Bellwether Affordable Housing Group), Anthony Weekly (Truist Bank) and David Battany (Guild Mortgage).
Office Demand Approaches Pre-COVID Levels in Some Large Market
One year after the pandemic started, demand for office space in the country’s largest markets is approaching pre-COVID levels and recovery appears to be looming for several markets, reported VTS, New York.
Personnel News from Electra Capital, M&T Realty Capital Corp.
Electra Capital, Lake Park, Fla., appointed Eugene Rutenberg to serve as Managing Director of Originations
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“Commercial and multifamily mortgage delinquencies fell for the third straight month in March and are now at their lowest level since the pandemic disrupted the economy and commercial real estate a year ago. There continues to be significant differences in loan performance by property type, with higher delinquencies rates for lodging- and retail-backed mortgages.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.