The next 18 months could be a difficult period for the office sector, said Moody’s Analytics REIS, New York.
Category: News and Trends
CBRE Sees Mixed Results in CRE Recovery
CBRE, Los Angeles, said it anticipates the office, retail and hotel sectors will begin a slow recovery next year.
Dealmaker: Gantry Secures $131M for Multifamily, Senior Living Assets
Gantry, San Francisco, secured $131.4 million for multifamily and senior living assets in three states.
Small-Cap Multifamily ‘Resilient’
Small-cap multifamily properties are proving resilient during the pandemic-induced recession, said Boxwood Means, Stamford, Conn.
MBA, Trade Groups Ask Banking Agencies for TDR Relief
The Mortgage Bankers Association and more than a half-dozen industry trade groups asked federal banking agencies for guidance that loan modifications with terms longer than six months fall within the troubled debt restructuring relief provided by a recent Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus.
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“Overall, we expect the real estate recovery, particularly the office sector, to lag the broader economic recovery by several quarters. This follows the pattern of previous cycles but with the added complication of getting people back into the workplace.” — CBRE Global Chief Economist and Head of Americas Research Richard Barkham.
CREF Highlights Nov. 12, 2020
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Dealmaker: Greystone Provides $48M for Two Multifamily Assets
Greystone, New York, provided $48.2 million in HUD-insured loans to refinance multifamily properties in Virginia and Arizona.
CMBS Delinquency Rate Falls; Issuance Bounces Back
The commercial mortgage-backed securities delinquency rate continued to fall in October while issuance increased, said Trepp LLC and KBRA, New York.
ULI Forecast Sees Potential Rebound in 2021-2022
The Urban Land Institute, Washington, D.C., said a consensus of real estate economists surveyed expect a short-lived recession and above-average GDP growth in 2021 and 2022.