Category: News and Trends

The Mortgage Bankers Association released an interview with Situs Executive Managing Director Steven Bean.

Non-bank direct lender Civic Financial Services, Redondo Beach, Calif., launched CIVIC Multifamily.

The Mortgage Bankers Association, joined by 27 other organizations representing a cross-section of consumer and industry organizations, sent a letter Friday to Federal Housing Finance Agency Acting Director Joseph Otting on priorities for preserving access and affordability when undertaking administrative reforms to Fannie Mae and Freddie Mac.

The industrial real estate market’s vacancy rate closed 2018 at a near record low 4.9 percent, and e-commerce could further improve its performance going forward, analysts said.

Strong economic growth, abundant capital and a favorable supply and demand environment led to broadly stable capitalization rates for U.S. commercial real estate assets in second-half 2018, said CBRE, Los Angeles.

Nuveen Real Estate launched its U.S. Cities Multifamily Fund, an open-end perpetual life real estate investment vehicle that will acquire and manage institutional-quality multifamily rental properties across the United States.

Last year yielded steady growth for the construction industry despite increasing headwinds, said JLL, Chicago.

Growth in U.S. commercial property prices slowed to the weakest annual pace in eight years in January, reported Real Capital Analytics, New York.

The Mortgage Bankers Association and nearly a dozen industry trade groups asked federal agencies to delay the January 2020 implementation of controversial accounting standard, saying more analysis of potential consequences to lenders and consumers is needed.

The most significant barrier new multifamily development faces is the rising cost of construction, reported Colliers International, Toronto.