Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Ellen Comeaux is Senior Vice President and Commercial Division Leader with TIAA Bank, Jacksonville, Fla.
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.
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.
Personnel News from Freddie Mac Multifamily, BH Properties, Matter Real Estate Group.
M&T Realty Capital Corp., Baltimore, provided $119.2 million for multifamily properties in New Jersey and New York.
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 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.
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.
News in brief from NewPoint Real Estate Capital, Green Street and CBRE Group.