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.
Category: News and Trends
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“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.
Commercial/Multifamily Briefs From M&T, Fannie Mae
M&T Commercial Banking, M&T Realty Capital Corporation, M&T Securities and M&T Investment Banking Group announced a new Affordable Housing platform to deliver offerings from its various divisions to our clientele across the affordable housing sector.
CREF Highlights Oct. 29, 2020
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Reimagining Office While Working From Home
How companies and their workforces will use office going forward is an increasingly popular subject in 2020. There are questions around existing buildings and how landlord business plans and those of their lenders will perform.
Dealmaker: Merchants Capital Secures $25M For Indiana Mixed-Use
Merchants Capital, Carmel, Ind., secured $25 million in financing for mixed-use development River Point West, coming soon to Elkhart, Ind.
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“Losing one [office] tenant that occupies 30 percent of your space might have a very big multiplier effect on your income that puts you underwater really quickly,”
–Moody’s Economist Victor Calanog in the Wall Street Journal [See “Reimagining Office While Working From Home” for more].
Marcus & Millichap Brokers $77M in California Property Sales
Marcus & Millichap, Calabasas, Calif., brokered the sale of a five-story, 123-room hostel in downtown San Francisco. The building sold for $19 million.