CREF Policy Update March 17, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
January Single-Family Rent Growth Posts Record
CoreLogic, Irvine, Calif., said single-family rent growth started 2022 strong by increasing 12.6 percent year-over-year in January.
CMBS Delinquency, Special Servicing Rates Fall
The commercial mortgage-backed securities delinquency and special servicing rates both fell in February, analysts reported.
Industrial Transactions Surge
The first quarter is traditionally relatively quiet for commercial real estate transactions, but the industrial sector missed that memo this year.
Dealmaker: Avison Young Brokers $339M in Industrial, Office Sales
Avison Young’s Capital Markets Group sold an Iowa single-tenant net-leased industrial property and a Florida office property for a combined $338.6 million.
Inflation Jumps to Fastest Rate Since 1982
The Consumer Price Index jumped by 0.8 percent in February from January and roared ahead by 7.9 percent to its fastest annual pace in 40 years, the Bureau of Labor Statistics reported.
Commercial and Multifamily Briefs from JLL, LaSalle Investment Management, Colliers
JLL created a permanently endowed fund with a $25,000 initial investment to support Florida A&M University students interested in commercial real estate careers. The move is part of the firm’s ongoing efforts to increase diversity and inclusion in commercial real estate.
MBA Awards More Than $134,000 in Path to Diversity Scholarships
The Mortgage Bankers Association awarded more than $134,000 in scholarships to 163 women and minorities under its Path to Diversity (P2D) Scholarship Program during fiscal year 2021.
Personnel News from KeyBank, Alliant Credit Union, NewPoint Real Estate Capital
KeyCorp, Cleveland, Ohio, named Helena Haynes-Carter Chief Diversity, Equity and Inclusion Officer.
Institutional Investors Expect Continued Momentum
Institutional investors expect last year’s commercial real estate momentum to carry over into this year and next, the Pension Real Estate Association reported.
