Category: News and Trends

Increasing rents, limited inventory of low-value homes and the popularity of urban life have prompted runaway condo-value appreciation in many housing markets, said Zillow, Seattle.

New York City construction activity resembles the previous boom years of 2007 and 2008, the New York Building Congress said.

At the MBA Commercial Real Estate/Multifamily Finance Board of Governors meeting on October 20, incoming Chair Bob Stout (Q10), Vice Chairs Tom Dennard (Grandbridge) and Byron Boston (Dynex), and other members of COMBOG led a broad discussion on current commercial/multifamily issues and MBA business impacting the industry.

Despite an economic slowdown in some areas of the country, both the industrial and office sectors performed strongly in the third quarter, reported Cushman & Wakfield, New York.

Institutional-quality real estate returned 3.09 percent in the third quarter–1.22 percent income return and 1.86 percent capital appreciation return–comparable to its 3.14 percent second quarter return, said the National Council of Real Estate Investment Fiduciaries’ Property Index.

Greater Boston’s office market closed its tenth straight quarter of growth, but at a much slower pace than the scorching second quarter, Transwestern reported.

Originations for commercial real estate loans under $5 million rebounded in the second quarter, reported Boxwood Means, Stamford, Conn.

Investors show significant interest in buying and building hotels as the sector continues to thrive, reported Lodging Econometrics and the North American Tourism and Hospitality Investment Conference.

The same positive economic trends moving the Federal Reserve toward increasing interest rates are lifting commercial real estate performance, reported Marcus & Millichap, Calabasas, Calif.

SAN DIEGO–The Mortgage Bankers Association presented Dan Phelan, CMB, CRI, CCMS, with its E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award.