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.
Category: News and Trends
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.
Dealmaker: Walker & Dunlop Arranges $67 Million Construction Loan
Walker & Dunlop, Bethesda, Md., structured $67.2 million in financing to construct Shoma Village Apartments, a Class A mixed-use property with 304 apartment units and 11,625 square feet of retail in Hialeah, Fla.
CREW Network: CRE Industry Must Take Action for Gender Parity, Greater Diversity
Efforts to achieve gender parity in commercial real estate are far from complete–in fact, little progress has been made in the last five years, reported CREW Network, Lawrence, Kan.
‘Creative Placemaking’ Can Revitalize Communities, Boost Developer Returns
The Urban Land Institute, Washington D.C., said integrating the arts with good design can spark a creative culture in real estate projects, revitalize communities and boost financial and other return on investment measures for developers.
CBRE: Net-Lease Comprises Bigger Share of Much Lower CRE Investment
CBRE, Los Angeles, said net-lease investment fell significantly in the second quarter but comprised the highest share of total volume on record amid a sharp pandemic-related commercial real estate investment activity decline.
Go West, Young Mortgage Banker: 2020 Western States CREF Conference Recap
Last Wednesday kicked off the California Mortgage Bankers Association’s 23rd Annual Western States CREF, this year the conference was delivered as a two-day virtual experience on September 9 and 10.
CoreLogic: Single-Family Rents Stabilize
CoreLogic, Irvine, Calif., said single-family rent growth stabilized in July after seeing its slowest growth in a decade during June.