The Urban Land Institute, Washington, D.C., and PwC, London, released their annual Emerging Trends in Real Estate 2024 report, highlighting the “Great Reset” present in the industry.
Category: News and Trends
Commercial/Multifamily Briefs, Nov. 9, 2023
Industry news from M&T Realty Capital Corp., City First Bank, NewPoint and HUD.
CMF Quote of the Week: Nov. 9, 2023
“Year-to-date CRE mortgage borrowing has fallen 44%, driven by questions about some properties’ fundamentals, uncertainty about property values, and higher and volatile interest rates.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
CMBS Delinquency Rate Dips, KBRA Reports
The delinquency rate among KBRA-rated commercial mortgage-backed securities dipped four basis points in October to 4.21%, the rating agency reported.
Redfin: Most Respondents Support More Housing, But Many Don’t Want Apartments in Their Neighborhood
A recent Redfin survey finds that nearly 80% of respondents support policies that promote building more housing.
HUD, Biden Administration Encourage More Commercial-to-Residential Conversions; MBA Weighs In
On Friday, HUD and the Biden Administration announced two updates to increase housing supply and improve housing affordability, including research on commercial-to-residential conversions. Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, weighed in on the announcement.
MBA Chart of the Week: Actual and Modeled CRE Lending ($Billions)
MBA’s latest commercial real estate finance (CREF) forecast anticipates 2023 origination volumes ($442 billion) will come in just a bit more than half of what they were in 2022 ($816 billion).
MBA NewsLink Multifamily Roundtable: High Rates, Stalled Rents and New Roofs
As uncertainty dominates discussions about getting deals done, MBA NewsLink convened three multifamily finance executives, Chad Musgrove, John Lloyd and Carl McLaughlin, to get their opinions on where the apartment industry sits and where it’s headed next.
Tech Industry Leasing More Offices, CBRE Finds
CBRE, Dallas, reported that despite challenges in the sector, the tech industry has reclaimed the largest share of U.S. office leasing in the third quarter.
Dealmaker: Greystone Announces Deals in New Jersey, California
Greystone, New York, announced recent deals in New Jersey and California.