Category: News and Trends

Freddie Mac, McLean, Va., priced its SB34 offering, a multifamily mortgage-backed securitization backed by small-balance loans underwritten by Freddie Mac and issued by a third-party trust.

Marcus & Millichap, Walnut Creek, Calif., said in the second half of the year, broad-based economic momentum coupled with continued consumer migration toward e-commerce should remain significant factors bolstering the industrial sector, bringing new opportunities to investors.

Ten-X Commercial, Irvine, Calif., identified several cities, primarily in the West, as top “buy” markets for office properties. Cities in the South and Mid-Atlantic regions topped its “sell” markets.

Conservatism has swept over the real estate investment trust sector, reported Fitch Ratings, New York.

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BGC Partners, London, agreed to acquire Berkeley Point Financial LLC, New York, for $875 million.

Manhattan offices saw a “soft” second quarter as office leasing velocity fell 32 percent year-over-year, reported Avison Young, Toronto.

Commercial real estate executives’ sentiments dipped slightly compared to six months ago, reported RCLCO, Los Angeles.

Despite a “sluggish” start to the year, private-label commercial mortgage-backed securities volume finished the first half at $34.4 billion–up 27.8 percent year-over-year, reported Kroll Bond Rating Agency, New York.

Vacant office space held steady at 13 percent during the second quarter, but concession and tenant improvement packages continue to rise as landlords pursue new tenants, CBRE and JLL reported.