Commercial/Multifamily Briefs

BridgeCore Capital, Beverly Hills, Calif. commenced operations providing private bridge financing for commercial and non-owner-occupied residential properties throughout California.

CREF Highlights

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

Lenders Like ‘Green’ Office Buildings

Green-certified office space now exceeds 40 percent of market totals in large U.S. metros–and capital markets are taking note, reported CBRE, Los Angeles.

Commercial/Multifamily Briefs

Moody’s Corp., New York, agreed to acquire data provider Reis, Inc., New York, in an all-cash transaction valued at $278 million.

Data Center Demand Grows Significantly

The data center industry is well positioned to meet the significantly increased demand it is seeing, reported JLL, Chicago.

MBA Offices Closed Monday

Offices of the Mortgage Bankers Association will be closed Monday, Sept. 3 in observation of the Labor Day holiday.

Abundant Capital, Economic Growth Keep Cap Rates Stable

A “wall” of domestic and global capital, economic growth and a low interest rate environment led to broadly stable capitalization rates for U.S. commercial real estate in first-half 2018, reported CBRE, Los Angeles.

CMBS Delinquency Rate Continues Improvement

The commercial mortgage-backed securities delinquency rate declined for the third consecutive month due to steady new issuance and few new delinquencies, reported Fitch Ratings, New York.