‘Mixed’ Office Sector Results in 2Q

The office sector saw mixed results in the second quarter as both vacancy and effective rents increased, reported Reis, New York.

Commercial/Multifamily Briefs

Alternative asset management firm Canyon Partners, Los Angeles, closed a real estate debt vehicle with more than $450 million in total commitments.

Hotel Rates, Bookings Continue to Grow

North American hotel owners continued to experience “significant” growth across all travel segments in the second quarter, reported TravelClick, New York.

MBA Call to Action on National Flood Insurance Program Reauthorization

Facing a July 31 expiration date for the National Flood Insurance Program, the Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action, urging its members to call their elected officials to vote on a long-term reauthorization.

CREF Highlights

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

Urban Neighborhoods Matching Suburban Growth

A new Urban Land Institute study finds the population of urban neighborhoods in many metropolitan areas is growing as quickly or nearly as quickly as that of suburban neighborhoods, reflecting ongoing consumer demand–particularly among younger households-for “highly walkable” living environments convenient to jobs, transit and urban amenities.