Multifamily Market Musings: A Q&A With PGIM’s Mike McRoberts
MBA NewsLink interviewed PGIM Real Estate Finance Managing Director Mike McRoberts, who serves as Chairman of the firm’s Agency platform.
Senate Approves Montgomery HUD Nomination; Dana Wade FHA Nomination Next Up
It seemed like it took forever—and in political terms, seven months feels like forever—but Brian Montgomery is finally, officially, HUD Deputy Secretary.
Personnel News from Sims, CBRE, Berkadia
HJ Sims, Fairfield, Conn., opened a new West Coast office in Orange County, Calif., and hired Brady Johnson as Senior Vice President.
Coronavirus Hits Hotel Sector Hard
The COVID-19 pandemic hit the hotel sector exceptionally hard, leading to some creative financing and investment opportunities, said Cushman & Wakefield, Chicago.
COVID-19 Economic Impact Reaches Small Multifamily Sector
COVID-19 pandemic effects are reaching the small multifamily sector, with loan originations and asset prices falling, reported Arbor and Chandan Economics.
Dealmaker: JLL Arranges $85M
JLL Capital Markets, Chicago, arranged $85.2 million for retail and condominium properties in Boulder, Colo. and Miami.
Federal Agencies Launch Joint Mortgage, Housing Assistance Website on Coronavirus Impact
The Consumer Financial Protection Bureau, Federal Housing Finance Agency and HUD launched a new mortgage and housing assistance website designed to ensure homeowners and renters have current and accurate housing assistance information during the COVID-19 national emergency.
Multifamily Leasing Bounces Back
New apartment lease signings “clawed back” to year-ago levels in late April after plunging nearly 50 percent in late March, reported RealPage, Richardson, Texas.
COVID-19 Shakes Real Estate Sentiment
Commercial real estate occupier and investor sentiments moved into negative territory in both the U.S. and Canada, the Association for International Real Estate Investors and the Royal Institution of Chartered Surveyors reported.