Kroll Bond Rating Agency, New York, reported that commercial mortgage-backed securities appraisal reduction amounts–ARAs–have climbed in tandem with delinquency rates.
Category: News and Trends
CBRE: North American Data Center Vacancy Rates at Record Low Despite Booming Supply
CBRE, Dallas, found North American data center supply grew strongly in the first half of 2024, but availability continued to tighten as demand related to cloud computing and artificial intelligence more than offset the new supply.
MBA Economist Mike Fratantoni on Jerome Powell’s Remarks Indicating Cuts
Federal Reserve Chair Jerome Powell spoke Aug. 23 at an economic symposium sponsored by the Federal Reserve Bank of Kansas City, in Jackson Hole, Wyo. His remarks implied the likelihood of near-term rate cuts.
CoreLogic: Single-Family Rents Continue to Grow in June
CoreLogic, Irvine, Calif., reported single-family rental prices increased 2.9% year-over-year in June, similar to gains notched the month before.
Fitch Ratings Finds Commercial Mortgage REITs Pressured by Weakening Credit Quality
Credit quality at commercial mortgage real estate investment trusts deteriorated in the first half of 2024 according to Fitch Ratings, New York.
Dealmaker: JLL Secures $234M in Construction Financing in Naples, Fla.
JLL Capital Markets, Chicago, arranged $234 million in construction financing for Rosewood Residences Naples, a 42-unit beachfront condominium development in Naples, Fla.
CREF Policy Update: FHFA Proposes GSE Multifamily Housing Goals for 2025-2027
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial and Multifamily People in the News Aug. 29, 2024
Commercial and multifamily personnel news from KBRA, Affinius Capital and Walker & Dunlop.
CMF Quote of the Week: Aug. 22, 2024
“Borrowing and lending backed by commercial real estate remained subdued in the second quarter.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
Commercial/Multifamily Briefs, Aug. 22, 2024
Commercial/multifamily industry news from SitusAMC and RealPage.