Industry personnel news from M&T Realty Capital Corp., JLL, Greystone and Cushman & Wakefield.
Category: News and Trends
CMF Quote of the Week: Jan. 25, 2024
“2023 is likely to go into the record books as the slowest year for commercial real estate borrowing and lending in roughly a decade.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
MBA Continues to Cite ‘Substantial Concerns’ in Basel III NPR Comments
Following a joint comment letter with other trade groups submitted last week, the Mortgage Bankers Association also outlined more in depth concerns about the Notice of Proposed Rulemaking regarding the implementation of the final components of the Basel III standards in a separate letter Tuesday.
Berkadia Finds Some Optimism in Commercial Real Estate Industry
Berkadia, New York, released its 2024 Powerhouse Poll, revealing industry members’ perspectives on the commercial real estate industry. The survey found 72% of respondents believed institutional transaction volume will be stronger in 2024.
MBA: Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2023
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023, according to the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey.
Dealmaker: Calmwater Capital Funds $32M Construction Loan to Complete California Mixed-Use Development
Calmwater Capital, Los Angeles, provided GE Development with a $32.2 million construction loan to complete The One, an 81-unit multifamily development with 13,000-plus square feet of street-level retail in San Gabriel, Calif.
MISMO Releases 2023 Annual Report at Winter Summit
MISMO, the real estate finance industry’s standards organization, released its 2023 Annual Report at its 2024 Winter Summit. The MISMO Annual Report outlines the organization’s progress toward creating essential standards designed to solve key business challenges.
Inflation Increases Slightly in December
The headline inflation rate increased modestly during December, the Bureau of Labor Statistics reported Thursday.
Yardi Matrix: Rents Fall Again in December 2023
Yardi Matrix, Santa Barbara, Calif., released its Yardi Matrix National Multifamily Report, finding that rents declined for a fifth consecutive month.
MBA Chart of the Week: Expectations for the CRE Borrowing/Lending Market
Even though many commercial real estate loans are long-lived, with terms of five, seven, 10, or more years, there’s a sense that the industry starts each year fresh.