MBA: 4Q Commercial, Multifamily Mortgage Delinquency Rates Increase
Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly through the fourth quarter, the Mortgage Bankers Association's latest CREF Loan Performance Survey reported.
MBA CREF Policy Update Jan. 19, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Call for Nominations: MBA NewsLink 2023 Tech All-Star Awards; Deadline Jan. 20
The MBA NewsLink 2023 Tech All-Star Awards nomination period is underway. Nominations will be accepted through Friday, Jan. 20.
RealPage: Apartment Demand Turns Negative for the First Time Since 2009
RealPage, Richardson, Texas, said net demand for apartments finished 2022 in negative territory for the first time in years.
CoreLogic: Single-Family Rent Growth Falls Again
CoreLogic, Irvine, Calif., reported U.S. single-family rent growth slowed for the seventh consecutive month in November but said growth remains positive.
Net Lease Cap Rates Expand for Third Consecutive Quarter
Single-tenant net lease sector cap rates increased for the third consecutive quarter in late 2022, reported Boulder Group, Wilmette, Ill.
Rent Growth Slows 7th Straight Month
Redfin, Seattle, reported the median U.S. asking rent rose by just 4.8% year over year to $1,979 in December—the smallest increase since July 2021. Despite the slowing, the report said rents grew at more than three times that pace one year earlier.
Dealmaker: Fontainebleau Las Vegas Secures $2.2B in Construction Financing
A partnership between Fontainebleau Development, Aventura, Fla., and Koch Real Estate Investments, Dallas, secured a $2.2 billion construction loan to complete 67-story hotel and casino Fontainebleau Las Vegas.