Personnel news in the commercial and multifamily industry from Marcus & Millichap and Greystone Monticello.
Category: News and Trends
Commercial/Multifamily Briefs, June 6, 2024
Industry news from Alliant Credit Union and the U.S. Department of Housing and Urban Development.
Trepp Reports CMBS Delinquency Rate Dips
Trepp, New York, reported the commercial mortgage-backed securities delinquency rate dipped back below 5% in May.
CMF Quote of the Week: June 6, 2024
“Commercial mortgage delinquency rates continued to increase during the first three months of 2024.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.
Redfin Reports Renters Staying Put Longer
Renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership, according to Redfin, Seattle.
RentCafe: New Apartment Sizes Are Rebounding
RentCafe, Santa Barbara, Calif., found the average new U.S. apartment size increased by 27 square feet in 2023, up to 916 square feet.
MBA NewsLink Q&A: JLL’s Adam Dembowitz Discusses the Office Sector
MBA NewsLink interviewed Adam Dembowitz, Senior Managing Director in JLL’s Value and Risk Advisory team, about his views on the office sector.
S&P Global Ratings: Life Insurers’ CRE Exposure ‘Manageable’
The credit quality U.S. life insurers commercial real estate exposure remains high, driven by the conservative, diversified nature of its investment in the space, according to S&P Global Ratings, New York.
Analysts Downgrade U.S. Hotel Forecast
Two hotel sector data firms, STR and Tourism Economics, significantly downgraded their 2024-2025 U.S. hotel forecast.
MBA: Commercial Mortgage Delinquency Rates Increased in First Quarter
Commercial mortgage delinquencies increased in the first quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial Delinquency Report.