First-Half CRE Construction Starts Slip

Dodge Data & Analytics, New York, reported commercial and multifamily construction start volume totaled $101.4 billion during first-half 2019, down 6 percent from $107.4 billion in 2018’s first half.

Opportunities in an Evolving Retail Sector

An evolving retail sector is providing opportunities for investors and giving underwriters more confidence in retail’s long-term outlook, said Marcus & Millichap, Calabasas, Calif.

MBA Names Kelli Burke Vice President of Commercial Real Estate Finance

The Mortgage Bankers Association appointed Kelli Burke as Vice President of Commercial Real Estate Finance. Her responsibilities will include leading MBA’s CREF member engagement activities across the various sectors within the industry, creating content development for MBA’s CREF-related conferences and convened meetings and developing best practices and business intelligence tools for members.

MBA Names Kelli Burke Vice President of Commercial Real Estate Finance

The Mortgage Bankers Association appointed Kelli Burke as Vice President of Commercial Real Estate Finance. Her responsibilities will include leading MBA’s CREF member engagement activities across the various sectors within the industry, creating content development for MBA’s CREF-related conferences and convened meetings and developing best practices and business intelligence tools for members.

Tracking Potential Multifamily Risks

Multifamily fundamentals remain healthy, demonstrated by record second quarter absorption. But the sector faces some threats, analysts said.

Commercial/Multifamily Briefs

LGIS Group, Atlanta, signed an agreement with commercial insurance agency Tanner, Ballew & Maloof. TBM will now include LGIS’s commercial property loan insurance in its range of commercial property, casualty products and premium finance services.

MBA Chart of the Week: Commercial Property Capitalization Rates

Commercial real estate values are a function of a property’s income and the capitalization (cap) rate. Essentially the inverse of a price-to-earnings ratio, cap rates are a gauge of the yield investors demand to put their money into commercial real estate–with a lower cap rate demonstrating higher investor interest in each dollar of current income.

Industrial Assets Supporting CRE Price Growth

Real Capital Analytics, New York, said the industrial sector sustained commercial property price growth in July even as CRE transaction volume fell sharply.

CREF Highlights

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.