BridgeCore Capital, Beverly Hills, Calif. commenced operations providing private bridge financing for commercial and non-owner-occupied residential properties throughout California.
Category: News and Trends
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.
MBA Chart of the Week: Commercial/Multifamily Mortgage Banker Originations, By Property Type
Commercial and multifamily mortgage borrowing and lending have started 2018 at the second fastest pace on record, with first-half 2018 originations lower only than those of the first half of 2007. This week’s chart shows origination growth for the four main categories of loans from 2009 to 2018 (year to date).
Single-Family Rental Rates Up 4.1% in First Half
Low rental home inventory relative to demand fueled the growth of single-family rental rates in the first half, reported CoreLogic, Irvine, Calif.
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.
