The hotel sector outperformed most asset classes through the current expansion, but its first quarter performance raises concern, analysts say.
Category: News and Trends
Office Property Market Cools
Tenant demand for office space slowed in the first quarter, dragged down primarily by continued oil sector weakness and a tech sector pullback, reported Cushman & Wakefield, New York.
Moody’s: CMBS Loan Leverage Falls for First Time Since 2013
Commercial mortgage-backed securities’ credit quality as measured by loan-to-value ratios improved during the first three months of this year, reported Moody’s Investors Service, New York.
Survey: Investors to Lower Capital Commitments to Real Estate
U.S. institutional investors such as pension funds, endowments and foundations plan to reduce their new capital commitments to real estate by 19 percent in 2016, a survey found.
Federal Reserve Reports Improving CRE Activity
Real estate activity generally expanded in late February and March, the Federal Reserve reported yesterday in its Beige Book.
Senators: Stay Tuned for Housing Finance Reform
WASHINGTON, D.C.–Housing finance reform remains stalled in Congress, but next year could prove pivotal in the effort to reform Fannie Mae and Freddie Mac, two senators said this week.
Small-Balance Loans Exceed $180B
Small-balance loan originations grew 10 percent year-over-year in 2015 to eclipse 2013’s previous peak of $176.2 billion, reported Boxwood Means, Stamford, Conn.
CBRE: Global Shopping Center Pipeline Up 7.4%
Global retail space under development increased 7.4 percent last year to 451 million square feet, reported CBRE Group, Los Angeles.
JLL: Office Outlook Remains Positive
After a shaky start in early 2016, office market fundamentals proved steady with supply and demand moving in lock-step by the end of the first quarter, reported JLL, Chicago.
C/MF Briefs: Silver Hill Funding, Fannie Mae, Freddie Mac
Silver Hill Funding, Coral Gables, Fla., introduced a new Multifamily Streamline Program for small-balance commercial mortgage loans from $250,000 to $1 million that does not require tax returns or 4506-T forms.
