CBRE, Dallas, found multifamily fundamentals are beginning to stabilize, per first-quarter data.
Category: News and Trends
Commercial Property Prices Dip
The pace of decline in U.S. commercial real estate prices decelerated in March, led by improvements in the industrial sector, Real Capital Analytics reported.
DLA Piper: Measured Optimism Among Commercial Real Estate Industry Leaders
DLA Piper, London, released findings from its 2024 Global Real Estate State of the Market Survey, noting commercial real estate industry leaders are conveying measured optimism, after a few years of intense swings.
Commercial and Multifamily People in the News, May 16, 2024
Industry personnel news from Greystone and JLL.
Commercial/Multifamily Borrowing Unchanged in First Quarter of 2024
Commercial and multifamily mortgage loan originations were essentially unchanged in the first quarter of 2024 compared to a year ago, and decreased 23% from the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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CMF Quote of the Week: May 9, 2024
“[Multifamily] absorption has remained surprisingly resilient despite the record deliveries over the last few quarters.”
–Kelli Carhart, leader of Multifamily Capital Markets for CBRE
RentCafe: Adaptive Reuse Projects Increase, With Hotels Popular in 2023
RentCafe, Santa Barbara, Calif., found adaptive reuse projects grew last year. There were 17.6% more apartments converted from outdated buildings in 2023 compared with 2022.
MBA, Other Housing Trade Groups Applaud Launch of Bipartisan Congressional Real Estate Caucus
A number of groups thank Reps. Mark Alford (R-Mo.), J. Luis Correa (D-Calif.), Tracey Mann (R-Kan.), and Brittany Pettersen (D-Colo.) for launching the Bipartisan Congressional Real Estate Caucus.
Jobs Report: U.S. Economy Adds 175,000 in April
Total nonfarm payroll employment increased by 175,000 in April, per the Bureau of Labor Statistics.