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.