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.
Category: News and Trends
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.
Single-Tenant Net Lease Cap Rates Diverge
Single-tenant net lease property cap rate changes varied significantly by sector in the second quarter, new reports said.
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.
MBANow: Mark Fisher of StanCorp Mortgage on Commercial Real Estate Ecosystem
The Mortgage Bankers Association released a new MBANow video featuring Mark Fisher, Vice President and Managing Director at StanCorp Mortgage Investors, who discusses the commercial real estate finance ecosystem and MBA engagement/advocacy.
