Calmwater Capital, El Segundo, Calif., provided San Diego-based Greenline Development Group with a $16.5 million construction loan on a 69-unit multifamily property in San Diego.
Category: News and Trends
Commercial Mortgage Delinquency Rates Increased in the Second Quarter of 2024
Commercial mortgage delinquencies increased in the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
CREF Policy Update: Register for MAA’s Next Quarterly Webinar on Sept. 17
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week: Sept. 5, 2024
“The monthly drop was owed to a pull-back in both residential and nonresidential outlays. Although total spending is still up 6.7% over the past year, construction activity is losing momentum as elevated financing costs narrows the pipeline of new projects getting started.”
–Wells Fargo Economists Charlie Dougherty, Jackie Benson and Ali Hajibeigi on construction spending numbers
Fannie Mae, Freddie Mac Announce New Protections for Renters
Fannie Mae and Freddie Mac announced new protections for renters in multifamily properties with mortgages backed by the enterprises.
MBA’s David Upbin Breaks Down Changes to Education Advantage for Commercial Members
MBA NewsLink talked to David Upbin, Mortgage Bankers Association Vice President, Education and Strategy, about the changes to MBA’s Education Advantage for commercial members, and how companies can benefit from the offerings.
Construction Spending Falls on a Monthly Basis in July, Census Bureau Reports
Construction spending in July was estimated at a seasonally adjusted annual rate of $2,162.7 billion, 0.3% below the revised June estimate, but 6.7% above the July 2023 estimate, the U.S. Census Bureau reported.
RentCafe Names Overland Park, Kan., as July’s Most Attractive Rental City
RentCafe, Santa Barbara, Calif., found Overland Park, Kan., was the top city for renters’ interest in July, the second time this year it has unseated perennial favorite Minneapolis.
CBRE: Office Lease Concessions Decline for First Time in 4 Years
The value of office-leasing concessions – including months of free rent – began to decline in the first half of this year and may be near a peak, according to a new report from CBRE, Dallas.
Clever Real Estate: Renting More Affordable Than Buying in Almost All Major Cities
Clever Real Estate, St. Louis, found that on a monthly basis, rent costs are cheaper than homebuyers’ payments in 96% of major U.S. cities.