Kroll Bond Rating Agency just released its CMBS 2025 Sector Outlook, which forecasts issuance activity for the new year. MBA NewsLink interviewed two KBRA analysts about the current lending environment as well as factors that may affect property performance in 2025.
Category: News and Trends
CBRE: Medical Outpatient Buildings Poised for Growth
The market for U.S. medical outpatient buildings is poised for lower vacancy and higher rents, leasing activity and sales transaction volume in 2025, according to CBRE’s 2025 U.S. Healthcare Real Estate Outlook report.
Trepp: CMBS Delinquency Up in November
Trepp, New York, reported the CMBS delinquency rate grew 42 basis points to 6.4%.
Renting More Affordable in 50 Major Metro Areas, Realtor.com Finds
Realtor.com recently reported that across the top 50 major metro areas, median asking rent stood at $1,720.
Dealmaker: Walker & Dunlop Closes $149M Refinance for New York Mixed-Use Property
Walker & Dunlop, Bethesda, Md., arranged $148.5 million in loan proceeds to refinance a mixed-use property developed by Steiner NYC in Brooklyn, N.Y.
CREF Policy Update: President-elect Donald Trump Nominates Scott Turner as HUD Secretary; Scott Bessent as Treasury Secretary
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CBRE Forecast Calls for Hotel Growth to Improve in Late 2024, Early 2025
U.S. hotel performance should start to accelerate soon despite a sluggish summer and third quarter, according to CBRE, Dallas.
CMF Quote of the Week
“The 4% increase in the multifamily loan purchase caps to $73 billion for each GSE is appropriate, given the slightly improved market conditions and lending activity that’s expected next year due to the slow decline in interest rates.”
–MBA’s President and CEO Bob Broeksmit, CMB
Fannie Mae Finds Most Consumers Support Building New Housing; Disagree on Details
Far more consumers say affordable housing is harder to find than a few years ago, but more than half believe house prices, rent and local taxes will increase if more homes are built in their neighborhood, a recent Fannie Mae survey found.
Multifamily, Single-Family Rents Fall Slightly in October, Yardi Matrix Finds
Yardi Matrix, Santa Barbara, Calif., reported that multifamily advertised rents fell $3 to an average of $1,748 in October.