The office sector saw mixed results in the second quarter as both vacancy and effective rents increased, reported Reis, New York.
Category: News and Trends
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.
Prime Logistics Rents Accelerate Globally Amid E-Commerce Growth
Prime logistics rents–the highest achievable lease rates for top-quality warehouse and distribution center space–increased globally in the fiscal year ending March 31, reported CBRE, Los Angeles.
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.
MBA Names Holly Cannon VP for Human Resources
The Mortgage Bankers Association named Holly Cannon as Vice President for Human Resources. She assumed duties on July 2.
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.
Foreign Investment in U.S. Commercial Real Estate Remains Strong
Nearly one-fifth of commercial real estate realtors closed a sale with an international client in 2017, the National Association of Realtors reported.
CRE Transparency Improves Globally; U.S. ‘Most Transparent’
JLL, Chicago, said governments worldwide have been gradually forging greater transparency in real estate markets, addressing growing demands from investors and the public to deliver significant change.
