Freddie Mac, McLean, Va., said its Multifamily Apartment Investment Market Index fell by 0.3% in the second quarter following strong previous quarterly gains, reflecting the impact of the coronavirus pandemic and the first negative second quarter net operating income growth since 2009.
Category: News and Trends
MBA Chart of the Week: Retail E-Commerce/Retail Sales
When real estate professionals discuss the impacts of the COVID-19 pandemic
on commercial real estate, their comments generally come in one of four themes.
Commercial/Multifamily Briefs Sept. 24, 2020
SitusAMC Holdings Corp., New York, acquired the third-party loan servicing and asset management platform of Cohen Financial, a Truist Financial division.
Dechert LLP LIBORCast Interviews MBA’s Mike Flood
Last week, as part of Dechert LLP’s ongoing LIBORcast podcast series, Rick Jones, partner and co-head of Dechert’s Global Finance Practice, interviewed MBA’s Mike Flood on the LIBOR transition.
Personnel News from Walker & Dunlop, Newmark Group
Walker & Dunlop, Bethesda, Md., expanded its multifamily investment sales platform in South Florida by adding Managing Director Still Hunter III and Director Kaya Suarez.
MBA, Trade Groups Ask Congress to Continue Flood Insurance Program
With the National Flood Insurance Programs set to expire—yet again—the Mortgage Bankers Association and nearly two dozen industry trade groups asked Congress for another program extension as policymakers work on a longer-term solution.
RIHA Study: COVID-19’s Impact on Jobs, Ability to Make Housing, Student Debt Payments
During the first three months of the COVID-19 pandemic, nearly 11 million households fell behind on their rent or mortgage payments and 30 million individuals missed at least one student loan payment, according to new research by the Mortgage Bankers Association’s Research Institute for Housing America.
Institutional Investors Expect Negative Full-Year Returns
Institutional investors expect negative full-year commercial real estate returns, the Pension Real Estate Association’s Consensus Forecast Survey reported.
Dealmaker: JLL Capital Markets Secures $46M for Houston Office Park
JLL Capital Markets, Chicago, secured a $46 million loan through Morgan Stanley, New York, for a four-building office campus northwest Houston.
College-Area Rents Slip as Schools Move Online
The rental market has softened across the country during the pandemic, but especially in college neighborhoods, said Zillow, Seattle.