Small banks are gaining market share in commercial real estate lending. This could be worrisome given loss histories, especially construction lending losses, said Fitch Ratings, New York.
Category: News and Trends
Industrial, Logistics Prime Yields Near Record Lows
Rapid e-commerce growth and modernizing logistics assets are attracting abundant capital to industrial real estate, which is pushing investment yields close to record lows, reported CBRE, Los Angeles.
CMBS Defeasance Volume Rebounds
Commercial mortgage-backed securities defeasance volume rebounded last year after a two-year decline, reported Moody’s Investors Service, New York.
Property Price Growth Picks Up After Slow January
Growth in U.S. commercial property prices increased to 0.6 percent in February from 0.3 percent in January, reported Real Capital Analytics, New York.
Commercial/Multifamily Briefs
NorthMarq, Minneapolis, acquired Austin, Texas-based commercial mortgage banking firm Texas Realty Capital.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
MBA Chart of the Week: MBA Commercial/Multifamily Market Uncertainty Bingo
At this year’s MBA Commercial/Multifamily Real Estate Finance (CREF) Convention & Expo in San Diego, more than 3,000 commercial and multifamily real estate finance professionals came together for the industry’s largest gathering of the year to hear from expert speakers, network with peers and gauge the state of the CREF industry.
Incentives Drive Multifamily Investments in Opportunity Zones
A tax advantage included in 2017’s tax reform law should lead to a “significant” capital influx to multifamily investments located in Opportunity Zones, said Freddie Mac, McLean, Va.
Wells Fargo Securities: Labor Costs Likely to Keep Increasing
There is no relief in sight for the serious shortage of skilled construction workers for commercial real estate projects, said Wells Fargo Securities, Charlotte, N.C.
Digging Deeper on CRE Transaction Volume
Transaction volume is a good indicator of a market’s commercial real estate activity, but it may not completely capture pricing trends, said Situs RERC, Houston.
