Avison Young: Manhattan CRE Softens

Manhattan offices saw a “soft” second quarter as office leasing velocity fell 32 percent year-over-year, reported Avison Young, Toronto.

CRE Sentiments Dip Slightly

Commercial real estate executives’ sentiments dipped slightly compared to six months ago, reported RCLCO, Los Angeles.

CMBS Issuance, Payoffs Up

Despite a “sluggish” start to the year, private-label commercial mortgage-backed securities volume finished the first half at $34.4 billion–up 27.8 percent year-over-year, reported Kroll Bond Rating Agency, New York.

Single-Tenant Net Lease Cap Rates Increase

Single-tenant net lease sector cap rates increased across all asset classes in the second quarter, reported Boulder Group, Northbrook, Ill.

Report Alleges CRE Firms Not Managing Property Taxes Properly

Only 25 percent of CRE executives said their firms incorporate property tax management into their investment strategy, which increases underperformance risk at both asset and portfolio levels, said Altus Group LTD, Toronto.

MBANow: MBA National Advocacy Conference Recap

The Mortgage Bankers Association released a new MBANow video featuring MBA members who discuss their experiences on Capitol Hill at the recent MBA National Advocacy Conference.

New Renters Paying More Than Renewing Tenants

Apartment rents have increased across the country, but market-rate rents for new renters increased more than rents for renewing tenants, reported Zillow, Seattle.