Commercial/Multifamily Briefs

CBRE Group, Los Angeles, acquired Brenner Real Estate Group, a full-service south Florida commercial real estate services firm.

Institutional-Quality Loan Returns Increase

Institutional-grade commercial loans returned 2.01 percent in the first quarter, regaining some value after last quarter’s negative 2.48 percent result, the Giliberto-Levy Commercial Mortgage Performance Index reported.

CREF Highlights

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

Hotels See Record Revenue–But Slowing Growth

U.S. hotel industry revenue reached a record $199 billion last year, up $9 billion from 2015, reported STR, Hendersonville, Tenn. But revenue growth fell significantly.