CREF Policy Update April 11: HUD Enacts New Rent Control on LIHTC-Financed Properties
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMBS Special Servicing Rate Jumps: Trepp
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate jumped 17 basis points in March to 7.31%.
Altus Group Survey: Increase in Prioritizing ‘Deploying Capital’ in Near Term
Altus Group, Toronto, released its Commercial Real Estate Industry Conditions and Sentiment Survey for Q1, finding U.S. respondents who expect their primary focus to be deploying capital in the next 6 months grew from 7% at the end of 2023 to 25% in the most recent quarter.
Single-Tenant Net Lease Cap Rates Increase
Cap rates in the single-tenant net lease sector increased for the eighth consecutive quarter in early 2024, according to The Boulder Group, Wilmette, Ill.
Commercial and Multifamily People in the News April 11, 2024
Industry personnel news from Peachtree Group, JLL and Greystone.
U.S. Adds 303,000 Jobs in March
Total nonfarm payroll employment grew by 303,000 in March, per the U.S. Bureau of Labor Statistics.
Dealmaker: Mesa West Capital Funds $81M Loan for Boston-Area Multifamily Community
Mesa West Capital, Los Angeles, provided a joint venture between Toll Brothers and Carlyle with an $81 million loan to refinance Emblem 120, a 289-unit mid-rise multifamily property in Woburn, Mass.
