On September 17, the Research Institute for Housing America, MBA’s think tank, released a special report on housing-related financial distress during the second quarter – the first three months of the pandemic in the U.S.
Category: News and Trends
CBRE: Hotel Recovery Could Start Soon
After facing the lowest occupancy levels since the 1930s and huge revenue and profit declines in the second quarter, the hotel sector could begin a multi-year recovery soon, said CBRE, Los Angeles.
MBA: 2Q Commercial/Multifamily Mortgage Debt Rises
The Mortgage Bankers Association’s latest quarterly Commercial/Multifamily Mortgage Debt Outstanding report found commercial and multifamily mortgage debt outstanding rose by $43.6 billion (1.2 percent) in the second quarter.
Personnel News from Marcus & Millichap, NorthMarq, Eastern Union
Marcus & Millichap named Mark Ruble Executive Managing Director, the highest designation a Marcus & Millichap investment professional can attain.
CREF Highlights Oct. 1, 2020
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Fitch: Secular Shifts Force U.S. Commercial Real Estate to Adapt
Fitch Ratings, New York/London, said post-pandemic, many U.S. commercial real estate segments will be transformed by the way space is used, which will have long-term consequences for property performance and financeability.
Dealmaker: NorthMarq Completes $240M Refinancing for California Multifamily Portfolio
NorthMarq’s Newport Beach, Calif., office arranged $240.4 million to refinance a six-property multifamily portfolio in southern California.
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“Both of these propositions [California ballot propositions 15 and 21] are not only important to our constituents in California, but they should be important to every commercial real estate lender nationwide.”
–MBA Senior Vice President of Commercial/Multifamily Mike Flood
A Movement, Not a Moment: MBA Kicks Off CREF Diversity, Inclusion and Equity Campaign
The Mortgage Bankers Association is uniquely positioned to help our members and the commercial real estate finance industry address long-standing issues of social justice and inclusion as the premier trade association representing real estate finance.
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“Particularly for renters, the combination of those who missed a payment – or were offered and did not take it – is substantive enough to suggest real risk to their ability to make upcoming payments.”
–Gary V. Engelhardt, Professor of Economics in the Maxwell School of Citizenship and Public Affairs at Syracuse University.