CBRE reported global commercial real estate investment reached $231 billion in the second quarter, up 17 percent from the previous quarter but down 7.5 percent from a year ago.
Category: News and Trends
Apartment Rent Growth Accelerates Despite Deliveries
Multifamily rents grew for the ninth straight month and are now up 3 percent year-over-year, reported Zillow, Seattle.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
New York City, New Jersey Office Rents at Record Highs
Transwestern Commercial Services said office rents in the New York City and New Jersey markets reached record levels in the second quarter, with overall Manhattan rents topping $80 per square foot.
Falling Rates Bolster 1Q Apartment Investment Outlook
The apartment investment outlook improved in the first quarter after showing deterioration in late 2018, Freddie Mac reported.
Commercial/Multifamily Briefs
The National Credit Union Administration is changing the regulation requiring real estate appraisals for certain commercial real estate transactions.
Ten-X: Capital Markets, Labor Market Healthy
Despite concerns about cooling global economic growth and potential trade wars, capital markets and the labor market remain in good shape, said Ten-X Irvine, Calif.
Office Investment Regaining Consistency
Real Capital Markets, Carlsbad, Calif., said the office investment market is back on track and buoyed by significant capital for deal-making following some political and economic uncertainty over the past year.
CREF Corner Office Conversation with New York Life’s Tim McGinnis
The Mortgage Bankers Association released an interview with New York Life Investors Managing Director Tim McGinnis.
CMBS Special Servicing Rates Diverge
The commercial mortgage-backed securities special servicing rate settled down in June after two “roller coaster” months, but drilling deeper reveals an interesting trend, reported Trepp, New York.