This spring, more than 100 mortgage industry professionals gathered in Plano, Texas, for a day of learning and networking, largely aimed at young and early-career participants.
Category: News and Trends
MBA Opposes Biden Campaign’s Nationwide Rent Control Proposal
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on President Joe Biden’s campaign proposal to cap rents nationally.
Dealmaker: CBRE Secures $130M Construction Financing in Los Angeles
CBRE Capital Markets’ Debt and Structured Finance secured $130 million in construction financing for the development of a studio campus in the downtown Los Angeles Arts District.
CREF Policy Update: FHFA Announces New Resident-Centered Practices for GSE-backed Multifamily Properties
Commercial and multifamily developments and activities from MBA important to your business and our industry.
JLL: Construction Costs Have Stabilized
The U.S. construction industry is adjusting to new demand patterns, according to JLL, Chicago.
CMF Quote of the Week: July 11, 2024
“Building more housing is a tried and true way to ease the housing affordability crisis, and with rent and home prices at historic highs, local and federal leaders should continue to encourage more construction.”
–Redfin Senior Economist Sheharyar Bokhari
Dealmaker: JLL Secures $430M for Fairmont Austin Hotel in Texas
JLL, Chicago, arranged a $430 million refinancing for Fairmont Austin, a 37-story hotel in downtown Austin, Texas.
RentCafe: Miami Still Most Competitive Rental Market
RentCafe, Santa Barbara, Calif., analyzed the competitive state of the rental market, finding that Miami has retained its position as the most competitive rental market, followed by suburban Chicago and northern New Jersey.
MBA Releases Q1 2024 Commercial/Multifamily DataBook
The Mortgage Bankers Association just released its Q1 2024 Commercial/Multifamily Quarterly DataBook.
MBA Chart of the Week: Value of Private Construction Put-in-Place
Physicists have protons, neutrons, and electrons. Biologists have DNA and RNA. And economists have supply and demand — the building blocks upon which most of our understanding of markets rest.