Category: News and Trends

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.

Multifamily permits issued and starts moved in opposite directions again in January, reported Axiometrics, Dallas.

Commercial real estate investment activity remains strong, but cyclical and political shifts could threaten continued growth, said Ten-X, Irvine, Calif.

The final year of the three-year commercial mortgage-backed securities ‘maturity wave’ of loans disbursed between 2005 and 2007 started out strongly, reported Morningstar Credit Ratings LLC, Chicago.

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.