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.
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RealPage, Richardson, Texas, said net demand for apartments finished 2022 in negative territory for the first time in years.
CoreLogic, Irvine, Calif., reported U.S. single-family rent growth slowed for the seventh consecutive month in November but said growth remains positive.
Single-tenant net lease sector cap rates increased for the third consecutive quarter in late 2022, reported Boulder Group, Wilmette, Ill.
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.
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.