MBA NewsLink recently interviewed Greystone’s Niraj Patel about Artificial Intelligence and digital transformation in commercial real estate.
Category: News and Trends
Commercial and Multifamily People in the News May 9, 2024
Industry personnel news from Gantry, M&T RCC, Peachtree Group, Pace Loan Group and Merchants Capital.
CMF Quote of the Week: May 2, 2024
“But every property and every owner are in a unique situation. That mix of variables will be critical to determining which properties and loans face challenges – and which do not,”
–Jeffrey Weidell, CEO of Northmarq and 2024 Mortgage Bankers Association (MBA) COMBOG Chair, speaking before Congress on the health of commercial real estate markets
CREF Policy Update May 2: HUD Increases Floodplain Management Standards
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Realtor.com Finds Rents Declined in March, Again
Realtor.com, Santa Clara, Calif., found rents declined in March for the eighth straight month, with year-over-year prices down 0.3%.
Auction.com: More Auction Buyers Expect Price, Rent Declines
Auction.com, Irvine, Calif., released its 2024 Buyer Insights Report, highlighting that 40% of buyers buying distressed properties at auction expect home prices to decline in 2024.
Down Payment Resource Finds 9% Increase in Homebuyer Assistance Programs
Down Payment Resource, Atlanta, reported that 79 homebuyer assistance programs were added in the first quarter, to hit 2,373 total.
Dealmaker: Cushman & Wakefield Arranges $45.7M for Cleveland Office Property
Cushman & Wakefield, Chicago, arranged acquisition financing totaling $45.75 million for an office tower in Cleveland.
Zillow: Number of Rent-Burdened Households Significant; BIPOC Renters Most Affected
A new report released by Zillow, Seattle, found that nearly half of U.S. renter households in large metro areas are “rent-burdened.” And, BIPOC renter households are more likely than others to fall into that category.
CMBS Delinquency Rate Increases Moderately
The delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities increased moderately in April to 4.67%, according to KBRA, New York.