The Dodge Momentum Index dipped 1.4% in February to 180.5 from January’s 183.0 reading, indicating fewer buildings going into the planning stage.
Category: News and Trends
Yardi Matrix: Multifamily Rents Rose Slightly in February
Yardi Matrix, Santa Barbara, Calif., reported the average multifamily asking rent rose $1 in February to $1,713, the first increase in seven months. Year-over-year growth remained flat at 0.6%.
CREF Policy Update March 21: FHFA Holds First Multifamily Property Insurance Symposium
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Dealmaker: JLL Arranges $135M for Malibu, Calif., Mixed-Use Center
JLL Capital Markets, Chicago, secured $135 million in first-lien financing for Cross Creek Ranch, a 122,000-square-foot mixed-use property in Malibu, Calif.
MBA: Commercial and Multifamily Mortgage Delinquency Rates Increased in Fourth Quarter 2023
Commercial mortgage delinquencies increased in the fourth quarter of 2023, according to the Mortgage Bankers Association’s latest Commercial Delinquency Report.
Bob Broeksmit Lays Out Important Items on MBA’s Radar to Kick Off National Advocacy Conference
WASHINGTON–As Mortgage Bankers Association members take to the nation’s capital–and U.S. Capitol Building–to share the industry’s story with lawmakers and hear from legislative stakeholders via the National Advocacy Conference, key policy and regulatory topics such as Basel III endgame, housing supply and HUD Secretary Marcia Fudge stepping down are top of mind.
Commercial and Multifamily People in the News March 21, 2024
Personnel news from Greystone Real Estate Capital, PACE Loan Group and Dwight & Co.
MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased in Fourth Quarter
The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion (2.8%) higher than at the end of 2022, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Redfin: Asking Rents Up 2% in February
Redfin, Seattle, reported asking rents rose 2.2% year-over-year to $1,981 in February. They also grew by 0.9% from January.
MBA Opens Doors Foundation Receives $1 Million Pledge from Equity Prime Mortgage
The MBA Opens Doors Foundation (Opens Doors) announced that Eddy Perez, Founder and CEO of Equity Prime Mortgage (EPM), has pledged $1,000,000 over 10 years in honor of the late former MBA President and CEO David H. Stevens, CMB.