Commercial/Multifamily Briefs

The Dodge Momentum Index, a leading indicator of construction spending, grew 0.8 percent in June to 165.5 (Year 2000=100) from May’s revised 164.2 reading.

CMBS Market in ‘Dog Years’

Conventional wisdom suggests the commercial real estate marketplace operates in 10-year cycles–of which 2018 is Year 10. But new reports on commercial mortgage-backed securities performance indicate a market more in mid-cycle form.

Commercial/Multifamily Briefs

New York Life Real Estate Investors, New York, closed its first dedicated national value-add vehicle, The Madison Square Value Enhancement Fund.