Commercial and multifamily developments and activities from MBA important to your business and our industry.
Category: News and Trends
CMF Quote of the Week: Feb. 1, 2024
“U.S. average daily rates and revenue per available room reached record highs in 2023 with solid travel fundamentals and a big year for group business underpinning performance.”
–STR President Amanda Hite
MBA NewsLink Q&A with Berkadia’s JV Equity & Structured Capital Group
MBA NewsLink recently interviewed Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick from Berkadia’s JV Equity & Structured Capital Group about the state of the equity market.
MBA CREF Forecast: Commercial/Multifamily Borrowing and Lending Expected to Increase to $576 Billion in 2024
Total commercial and multifamily mortgage borrowing and lending is expected to rise to $576 billion in 2024, which is a 29% increase from 2023’s estimated total of $444 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association (MBA).
CoreLogic: Single-Family Rent Growth Continues Stable Pace
CoreLogic, Irvine, Calif., in its latest Single-Family Rent Index, found national single-family rent growth remained stable in November at 2.7%.
Dealmaker: Peachtree Group Originates $73M for Construction, CPACE Financing for San Diego Hotel
Peachtree Group, Atlanta, announced it originated $73 million in a construction loan and CPACE financing for the development of a 263-room dual-brand Home2 Suites and Tru by Hilton Hotel in San Diego.
New MBA Commercial Property Inspection Form Reflects Industry Collaboration
As of Jan. 1, a new property inspection form now exists for use within the commercial real estate industry. Part of an industry and MBA effort, the new form is called the MBA Standard Inspection Form.
Renting, Buying Both Prompt Affordability Concerns, ATTOM Finds
ATTOM, Irvine, Calif., released its 2024 Rental Affordability Report, showing median three-bedroom rents in the U.S. are more affordable than owning a similarly sized home in the vast majority of local markets.
Net Lease Cap Rates Expand; 2024 Expected to See Increased Transaction Volume
Overall, cap rates increased to 6.58%, up seven basis point from the prior quarter, Boulder said in its Fourth Quarter Net Lease Research Report.
CREF Policy Update Jan. 25: MBA Calls for Changes in Comments on Basel III Endgame Proposal
Commercial and multifamily developments and activities from MBA important to your business and our industry.