MBA Chart of the Week: Commercial and Multifamily Mortgage Debt Outstanding
Two questions have dominated the CRE headlines of late: a) the reliance of banks on commercial real estate and b) the reliance of commercial real estate on banks. We addressed the former in a previous Chart of the Week. Here we look at the latter with a particular focus on office — the property type attracting the greatest scrutiny.
CREF Policy Update: May 4, 2023
On Apr. 28, the House Financial Services Committee advanced H.R. 2798, the CFPB Transparency and Accountability Reform Act.
Green Leases Drive Decarbonization
As real estate occupiers face increased pressure to lower their carbon footprint and investors seek to green their portfolios, so-called “green leases” benefit both parties while also decarbonizing real estate, reported JLL, Chicago.
Dealmaker: Northmarq Arranges $51 Million for San Diego Industrial Park
Northmarq recently closed $51.25 million in acquisition financing for Rose Canyon Business Park, a large multi-tenant industrial park in San Diego.
MBA CMST Conference Opening General Session: The New Office Space
The MBA Commercial/Multifamily Finance Servicing and Technology Conference will kick off with an expert panel of executives exploring the pace of change in office space.
Commercial Property Prices Down 15% From Last Year
Green Street, Newport Beach, Calif., reported its Commercial Property Price Index decreased 0.2% in March and has fallen by 15% since property prices peaked a year ago.
Fitch: Retailers Can Secure Their Positions with Omnichannel Investment
Stores with multiple ways to engage with customers have a solid, defensible position in the retail landscape given consumer preference for some level of in-person shopping, reported Fitch Ratings, New York.
Declines Persist in Institutional Property Values
The National Council of Real Estate Investment Fiduciaries, Chicago, said its quarterly Property Index showed aggregate market values of properties declined for the third straight quarter; returns were negative for the second straight quarter.