Commercial real estate executives are growing “bearish” about the U.S. CRE market, DLA Piper’s Global Real Estate State of the Market Survey reported.
Category: News and Trends
Commercial/Multifamily Briefs from Marcus & Millichap, Bellwether Enterprise
Marcus & Millichap, Calabasas, Calif., agreed to acquire Mission Capital in a transaction expected to close in the fourth quarter.
Dealmaker: Walker & Dunlop Arranges $107M for Multifamily
Walker & Dunlop, Bethesda, Md., arranged $107.2 million for multifamily properties in Florida and Pennsylvania.
Personnel News from JLL, Capital One
JLL Capital Markets announced Anthony Magnano joined the firm as a Director in its Nashville office.
Commercial, Multifamily Mortgage Delinquencies Decline in October
Delinquency rates for mortgages backed by commercial and multifamily properties declined in October, the Mortgage Bankers Association’s latest monthly CREF Loan Performance Survey reported.
Commercial, Multifamily Borrowing Falls 47% in Third Quarter
Commercial and multifamily mortgage loan originations were 47 percent lower in the third quarter compared to a year ago, and increased 12 percent from the second quarter of 2020, the Mortgage Bankers Association reported.
Multifamily Market Musings: A Conversation with Fannie Mae’s Kim Betancourt
This year’s industry developments continue to be dominated by the pandemic as well as associated social, political and economic impacts. Given this backdrop and the continued role of the GSEs in financing multifamily throughout market ups and downs, MBA NewsLink sat down with Fannie Mae’s Kim Betancourt to discuss trends and what to watch as the multifamily market evolves.
Quote
“Although there has been a rise in vacancy rates in some metros and rents have declined, we expect the overall multifamily sector to weather the storm better than other commercial real estate property types.”
— Fannie Mae Senior Director of Economics and Multifamily Research Kim Betancourt
Personnel News from Enterprise Community Partners, Marcus & Millichap
Enterprise Community Partners, Columbia, Md., named Jacqueline Waggoner President of its Solutions division, which operates 11 market offices across the country.
Pandemic Stokes Robust Demand For Life Sciences Real Estate
CBRE, Los Angeles, said the COVID-19 pandemic has accelerated the U.S. life sciences industry’s momentum, particularly amid the race to produce a vaccine and other medicines.