Commercial and multifamily developments and activities relevant to your business and our industry.
Category: News and Trends
Federal Government 2018 Budget Proposes Sharp Cuts to HUD
The Trump Administration yesterday its preliminary fiscal 2018 budget, which proposes the largest cuts to HUD funding since the Reagan Administration.
Marcus & Millichap: Medical Offices Change
Millennials are driving an emerging medical office building trend: urgent and acute care centers and walk-in clinics are replacing primary care physicians and emergency rooms, reported Marcus & Millichap, Calabasas, Calif.
MBA Chart of the Week: Housing Starts in 1-4 Unit, 5+ Unit Structures
One-to-four family housing starts increased in February to their highest rate since October 2007, staying above 800,000 units for the fifth month in a row.
MBANow: MBA VP Jamie Woodwell on 2017 CREF Forecast
The Mortgage Bankers Association released a new MBANow video on YouTube featuring MBA Vice President of Commercial Real Estate Research Jamie Woodwell, who discusses the MBA 2017 forecast for the commercial real estate/multifamily housing markets.
Commercial/Multifamily Briefs
Commercial real estate lending digital marketplace CommLoan, Scottsdale, Ariz. launched a hotline to help commercial mortgage-backed securities noteholders with loans coming due this year.
JLL: ‘Convenience’ Changing Grocery Retail
‘Convenience’ trends are changing both the way people shop for food and the way grocery stores are designed, reported JLL, Chicago.
CBRE: Manhattan Prime Office Rents Among World’s Highest
North America’s most expensive office market, midtown Manhattan, ranked sixth globally with rent exceeding $144 per square foot, reported CBRE, Los Angeles.
MBA: Wells Fargo Again Leads Annual Commercial/Multifamily Origination Volumes
The Mortgage Bankers Association this morning released its 2016 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes, showing that Wells Fargo topped the list again for total origination volumes.
MBA Chart of the Week: Housing Starts in 1-4 Unit, 5+ Unit Structures
One-to-four family housing starts increased in February to their highest rate since October 2007, staying above 800,000 units for the fifth month in a row.
