Category: News and Trends

North America’s most expensive office market, midtown Manhattan, ranked sixth globally with rent exceeding $144 per square foot, reported CBRE, Los Angeles.

The Mortgage Bankers Association this morning released its 2016 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes, showing that Wells Fargo topped the list again for total origination volumes.

One-to-four family housing starts increased in February to their highest rate since October 2007, staying above 800,000 units for the fifth month in a row.

One-to-four family housing starts increased in February to their highest rate since October 2007, staying above 800,000 units for the fifth month in a row.

JC Penney’s planned closure of up to 140 stores and two distribution centers will weigh on some commercial mortgage-backed securities loans, said Fitch Ratings, New York.

The prospect of increased economic growth and less regulation drove investor sentiment for commercial real estate slightly higher despite potentially rising interest rates, reported CBRE, Los Angeles.

U.S. monthly apartment rents held steady in February as their growth rate trends back to the long-term average, reported Yardi Matrix, Santa Barbara, Calif.

Average prices for single-family rental investment homes rose to $227,000 in January, up 8.7 percent year-over-year, reported Homeunion, Irvine, Calif.

Commercial property prices decreased 0.2 percent in January while apartment prices rose 0.9 percent, reported Moody’s Investors Service and Real Capital Analytics, New York.

This year marks the end of the so-called “wall” of commercial and multifamily mortgage maturities stemming from 10-year loans made in 2006 and 2007.