Commercial/Multifamily Briefs

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

MBA-Led Coalition Urges FHFA to Make Market Stability Priority in GSE Reform

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.

CBRE: Cap Rates Remain Stable

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.

Commercial/Multifamily Briefs

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.

Construction Sector Powers Forward

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

CRE Price Growth Slows to Eight-Year Low

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