The Federal Housing Administration on Wednesday increased the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. The Mortgage Bankers Association commended the move.

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

MSCI, New York, reported its RCA CPPI National All-Property index dropped 11.2% year-over-year and 1.2% from April, as commercial property pricing for all major sectors continued to post annual declines in May.

CommercialEdge, Santa Barbara, Calif., reported that due to a variance in remote and hybrid work, some cities’ office markets remain more vulnerable than others, affecting metrics such as vacancy rates, rental prices, sales and pipelines.

Newmark Group, New York, secured a $947 million loan for Los Angeles' Park La Brea, the largest apartment community on the West Coast.

Fitch Ratings, New York, said commercial mortgage real estate investment trust ratings will continue to be challenged by post-pandemic occupancy rates, “with growing recessionary risks and further deterioration of commercial real estate fundamentals.”

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.