MBA: 2023 Commercial, Multifamily Borrowing/Lending Expected to Fall to $700B
The Mortgage Bankers Association released its updated baseline forecast Thursday, projecting total commercial and multifamily mortgage borrowing and lending to fall to $700 billion this year, a 5 percent decline from an expected 2022 total of $740 billion.
MBA CREF Policy Update Jan. 5, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Freddie Mac: Multifamily Market to Moderate
Freddie Mac, McLean, Va., said the multifamily market will likely continue to cool off this year.
CMBS Supply-Demand Fundamentals Slip
Commercial property market supply and demand fundamentals slipped in the third quarter, reported Moody's Investors Service, New York.
Office Sector’s Future Up for Debate
Colliers International, Toronto, said the U.S. office market is stabilizing following two-plus years of pandemic-driven correction, but noted “considerable debate and speculation” about its future.
Yardi: E-Commerce Propelling Industrial Sector
The e-commerce boom that started in 2020 is still propelling the U.S. industrial market, reported Yardi Matrix, Santa Barbara, Calif.
Dealmaker: Gantry Secures $20M Office Refinance
Gantry, San Francisco, secured a $19.5 million permanent loan to refinance Esquire Plaza, a 22-story office tower in Sacramento, Calif.
