MBA CREF Policy Update Sept. 1 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Ellen Comeaux of TIAA Bank: Surveying The Small Balance Space
Ellen Comeaux is Senior Vice President and Commercial Division Leader with TIAA Bank, Jacksonville, Fla.
CoreLogic: 30 Years After Hurricane Andrew, Problems Persist for Insurance, Mortgage Industries
CoreLogic, Irvine, Calif., said in the 30 years since Hurricane Andrew devastated much of South Florida, the risk management landscape has evolved “tremendously.” But many questions remain—and with South Florida still a popular place to live, many of the risks from 1992 still exist today.
Life Science Real Estate Poised for Growth
Despite stock market turmoil, slowing venture capital funding and interest rate volatility, life science real estate remains well-positioned for future growth, said Newmark, New York.
CRE People in the News Sept. 1 2022
Personnel News from Freddie Mac Multifamily, BH Properties, Matter Real Estate Group.
Dealmaker: M&T Realty Capital Corp. Provides $119M in N.J., N.Y.
M&T Realty Capital Corp., Baltimore, provided $119.2 million for multifamily properties in New Jersey and New York.
CBRE: Construction Costs Could Jump 14%
CBRE, Dallas, said it expects U.S. construction costs to jump 14.1 percent year-over-year by year-end due to pressures including labor shortages, inflation, supply chain disruptions, pandemic reverberations and the war in Ukraine.
S&P: Pension Funds Increase Real Estate Exposure
S&P Global Market Intelligence, New York, reported U.S. public pension funds are increasing their allocations to real estate as a hedge against volatile market conditions.
Bright Spots Amid Offices Sectors Struggles
Office absorption remains negative even though office-using employment increased by 1.9% in the first half of the year, adding 635,000 jobs, reported Cushman & Wakefield, Chicago.
Commercial/Multifamily Briefs, September 1, 2022
News in brief from NewPoint Real Estate Capital, Green Street and CBRE Group.
