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.
Category: News and Trends
Dealmaker: Berkadia Arranges $66M for Florida Multifamily
Berkadia secured $66.2 million in financing for two Florida multifamily properties.
MBA Chart of the Week: Rent Payments and COVID-19
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.
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.
Quote
“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