CREF Highlights

Commercial and multifamily developments and activities relevant to your business and our industry.

Hotels See Record Revenue–But Slowing Growth

U.S. hotel industry revenue reached a record $199 billion last year, up $9 billion from 2015, reported STR, Hendersonville, Tenn. But revenue growth fell significantly.

Trepp: CMBS Delinquency Rate Increases Yet Again

The commercial mortgage-backed securities delinquency rate rose again in April as numerous loans reaching their balloon date failed to pay off, reported Trepp, New York.

Prices Show Strongest Gains Since November

Commercial valuations grew by 1 percent during April, the strongest growth seen since the November presidential election, reported Ten-X, Irvine, Calif.