Mesa West Capital, Los Angeles, provided $57 million to refinance a senior housing community in Montvale, N.J.
Category: News and Trends
Single-Family Housing Starts See Bump in September
The U.S. Census Bureau and U.S. Department of Housing and Urban Development announced new residential construction statistics for September, including that single-family housing starts rose 2.7% from August.
MBA: Commercial, Multifamily Mortgage Delinquency Rates Increase in Third Quarter
Delinquency rates for mortgages backed by commercial properties increased slightly during the third quarter of 2024. This is according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.
CREF Policy Update: MBA’s CRE Private Credit Finance Summit Agenda Finalized, Speakers Selected
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial and Multifamily People in the News Oct. 24, 2024
Industry personnel news in the commercial and multifamily sector from KBRA and CBRE.
CMF Quote of the Week
“Rents remain stable nationally, but could look very different depending on where you live in the country.”
–Redfin Senior Economist Sheharyar Bokhari
MBA Honors 2024 CREF Careers Student Fellowship Winners: Slideshow
Launched in 2022, the CREF Careers Student Fellowship Program is for students interested in learning more about internships, jobs, and careers in the $4.7 trillion commercial real estate finance industry.
Redfin: Asking Rents Up 0.6% in September
Redfin, Seattle, found asking rents rose by 0.6% year-over-year in September to $1,634. On a monthly basis, they fell 0.2% from August.
Dodge Finds a Dip in Commercial Properties Entering Planning Stage
The Dodge Momentum Index–a measure of the value of nonresidential building projects going into planning–decreased 4.2% in September, and commercial properties entering the planning stage contracted 7.8%, according to the Dodge Construction Network, Bedford, Mass.
Point2: House Renters Prioritizing Space, Pets, Privacy
Point2, Saskatoon, Saskatchewan, conducted a survey of renters of single-family homes, finding that privacy and space are among the top motivators–but the comfort of their furry friends also ranks high.