CREF Policy Update Aug. 24: MBA CEO Broeksmit Takes On Rent Control
Commercial and multifamily developments and activities from MBA important to your business and our industry.
DBRS Morningstar: CMBS Delinquency Rate Surges
DBRS Morningstar, Toronto, reported the delinquency rate for loans packaged in commercial mortgage-backed securities surged 31 basis points in July. The special servicing rate rose for the fifth straight month, increasing 24 basis points during July.
Yardi Matrix: Student Housing Sector Continues to Outperform
Yardi Matrix, Santa Barbara, Calif., reported student housing preleasing for the fall semester reached near-record highs in July, positioning the sector well to be able to weather a potential recession.
Net Lease Cap Rates Expand For Fifth Consecutive Quarter
Single-tenant net lease cap rates increased for the fifth consecutive time in the second quarter, the Boulder Group reported.
CBRE Reduces Near-Term Hotel Outlook Due to Softer Summer Demand
CBRE, Dallas, reduced its forecast for hotel performance this year as weaker-than-expected summer demand resulted in a shortfall in Q2 2023 revenue per available room.
Commercial and Multifamily People in the News Aug. 24, 2023
Gantry, San Francisco, announced Christine Kim as its new Chief Marketing Officer.
Dealmaker: IPA Closes $61M Multifamily Sale in Phoenix Area
Institutional Property Advisors, Calabasas, Calif., sold Cabana Encanto, a 286-unit attainable housing asset in Pheonix suburb Goodyear, Ariz.
