Category: News and Trends

Significant mortgage rate increases drove declines in Freddie Mac’s Multifamily Apartment Investment Market Index across most markets for both the fourth quarter and the full year.

According to a recently released set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association, HFF; Wells Fargo; PNC Real Estate; Eastdil Secured; JPMorgan Chase & Co.; CBRE Capital Markets Inc.; Key Bank; Capital One Financial Corp.; Meridian Capital Group; and Walker & Dunlop were the top commercial and multifamily mortgage originators in 2017.

Significant mortgage rate increases drove declines in Freddie Mac’s Multifamily Apartment Investment Market Index across most markets for both the fourth quarter and the full year.

According to a recently released set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association, HFF; Wells Fargo; PNC Real Estate; Eastdil Secured; JPMorgan Chase & Co.; CBRE Capital Markets Inc.; Key Bank; Capital One Financial Corp.; Meridian Capital Group; and Walker & Dunlop were the top commercial and multifamily mortgage originators in 2017.

Commercial real estate assets prices rose slightly in February. But analysts said moderating space absorption and slowing transaction volume indicate the commercial real estate cycle is maturing.

The apartment vacancy rate climbed 0.1 percent to 4.7 percent in the first quarter while net absorption and new completions fell to the lowest quarterly levels in three years, reported Reis, New York.

In past real estate cycles, developers have overbuilt just as the economy slowed down, leading to a glut of space. But Cushman & Wakefield Principal Economist Ken McCarthy predicts history will not repeat itself this time.

Single-tenant net lease sector cap rates remained relatively stable in the first quarter across the retail, office and industrial sectors, reported Boulder Group, Northbrook, Ill.

StepStone Real Estate acquired Courtland Partners Ltd. and the firms are now fully integrated. The firms announced a merger agreement in December.

Commercial real estate and real estate finance markets were steady during the fourth quarter, the Mortgage Bankers Association Fourth-Quarter 2017 Commercial/Multifamily DataBook reported.