Commercial and multifamily developments and activities from MBA important to your business and our industry.

The Federal Open Market Committee held rates steady at its June meeting but kept its options open for July and later this year.

MISMO®, the real estate finance industry's standards organization, is seeking nominations for qualified industry professionals to serve on MISMO’s Commercial Standards Governance Committee for a term ending on December 31, 2024. Nominations will be accepted until 8:00 PM ET on Friday, June 23, 2023.

Apartment occupancy is holding steady year-to-date so far in 2023, with May’s apartment occupancy rate at 94.7%--and flat from April, RealPage, Richardson, Texas, reported.

Eastern Mortgage Capital, Burlington, Mass., provided $40.5 million in permanent financing for Vantage St. Pete, a 211- unit mid-rise apartment community in St. Petersburg, Fla.

STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., upgraded their hotel sector forecast for the rest of 2023.

Enterprise Community Partners, Columbia, Md., named Shaun Donovan its new CEO and President, effective Sept. 1.

Office markets and performance are on the minds of market participants as technology layoffs and space reduction announcements drive the year’s news cycles along with rising interest rates. Join MBA Education and industry practitioners as they explore opportunities and challenges in the office sector.