Senators Introduce MBA-supported Bill to Reform Davis-Bacon Rules
Sens. John Thune, R-S.D., and Jerry Moran, R-Kan., on Friday reintroduced the Housing Supply Expansion Act, legislation that would address the affordable housing shortage by making targeted reforms to Davis-Bacon Act requirements.
CREF Policy Update: May 25, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
JPMorgan Chase: Plenty of Big Questions for Commercial Real Estate
Economic uncertainty remains high for commercial real estate through the rest of 2023, reported JPMorgan Chase & Co., New York.
Tech Sector Pressures Major Office Markets
Office-using sectors added 67,000 jobs in April--a 2% year-over-year increase--but demand for office space remains weak across major markets, reported CommercialEdge, Santa Barbara, Calif.
Apartment Asking Rents Climbing at Slightly Subdued Pace
Zillow, Seattle, reported apartment asking rents climbed by 0.6%, or $12, from March to April, bringing the Zillow Observed Rent Index to $2,018.
CBRE: Office Attendance Changes Prompt Companies to Revamp Office Portfolios
More companies now require office attendance than a year ago, causing them to change their office footprint to match office attendance patterns, reported CBRE, Dallas.
Deadline May 26: COMBOG Call for Nominations
The MBA Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) Nominating Committee is soliciting member recommendations for individuals to serve on the Board beginning October 2023 in the Investor, Lender, Mortgage Banker and Associate categories.