Category: News and Trends

CBRE Group, Los Angeles, completed rebranding and integrating PKF Consulting USA, PKF Hospitality Research and PKF Consulting Inc. (Canada) into its portfolio of global real estate services.

ORLANDO–The Mortgage Bankers Association projects originations of commercial and multifamily mortgages to grow to $511 billion in 2016, an increase of 3 percent from 2015 volumes and slightly more than the previous record of $508 billion originated in 2007. 

The Federal Housing Administration yesterday published a new consolidated handbook to guide lenders on underwriting all FHA-insured multifamily housing construction and rehabilitation transactions.

ORLANDO–The Mortgage Bankers Association and the Pepperdine University Graziadio School of Business and Management today announced creation of a six-month Executive Certificate in Commercial Real Estate, beginning this March.

ORLANDO–The Mortgage Bankers Association released its year-end 2015 ranking of commercial and multifamily mortgage servicers’ volumes. At the top is Wells Fargo Bank NA with $501.5 billion in U.S. master and primary servicing.

ORLANDO–11 percent, or $183.3 billion out of $1.7 trillion in outstanding commercial and multifamily mortgages held by non-bank lenders and investors, will mature in 2016, a 51 percent increase from $121.0 billion that matured in 2015, the Mortgage Bankers Association reported.

Cap rates in the single-tenant net lease big box sector compressed 63 basis points during 2015 to end the year at 6.08 percent, reported the Boulder Group, Northbrook, Ill.

Apartment rent appreciation should level off over the next 12 months, slowing to an annual rate of 1.1 percent by December, said Zillow, Seattle.

Commercial loan originations under $5 million grew by 5 percent in third-quarter 2015 and a sizable 8.7 percent year over year, reported Boxwood Means, Stamford, Conn.

It might be a pleasant problem to have, but it’s a problem nonetheless.