U.S. companies have scaled back their plans to make big cuts to their office portfolios and many now expect their offices to support “collaborative” work in person rather than remotely, said CBRE, Dallas.
Category: News and Trends
Apartment Investment Environment Stays Steady
Freddie Mac, McLean, Va., said its Apartment Investment Market Index held steady in the first quarter as continuing low interest rates support the sector.
RCA: CRE Not Out Of The Woods Yet
U.S. commercial real estate investment increased in April, but not all pandemic-related problems are in the rearview mirror, reported Real Capital Analytics, New York.
Dealmaker: Alliant Credit Union Closes $68 Million in Multifamily
Alliant Credit Union, Chicago, closed $68.4 million in financing for three multifamily properties in the Southeast and the West Coast.
ULI: Electrification Key to Decarbonizing Building Sector
The Urban Land Institute, Washington, D.C., said the commercial real estate industry can shift to a decarbonized future by moving to all-electric buildings.
Single-Family Rentals Rising: A Conversation With Berkadia
One result of a strong housing market driven by low rates, high demand and supply constraints is a substantial increase in investor interest in single-family rental housing. MBA NewsLink interviewed Berkadia executives Hilary Provinse and Dori Nolan about the SFR landscape and the outlook for this burgeoning sector.
Single-Family Rent Growth Exceeds Pre-Pandemic Rates
Rent growth in single-family rental properties now exceeds pre-pandemic rates across all price tiers, including low-end rentals for the first time, reported CoreLogic, Irvine, Calif.
MBA: 1st Quarter Commercial/Multifamily Mortgage Debt Up 1.1%
Commercial and multifamily mortgage debt outstanding rose by $44.6 billion (1.1 percent) in the first quarter, the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding report said.
Personnel News From Walker & Dunlop, JLL Institutional Property Advisors
Walker & Dunlop hired Kelly Mitchell as Managing Director. She will drive outreach to the firm’s large institutional clients, both foreign and domestic.
Quote
“As the Administration continues its support for housing, we urge you to sunset the nationwide federal moratorium on evictions on June 30th and focus on targeted housing support for those renters who continue to recover from the pandemic.” –from a June 11 letter signed by MBA and a dozen industry trade groups to the Biden Administration.