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MBA: Total Commercial Real Estate Borrowing and Lending Declined 47% in 2023
Total commercial real estate (CRE) mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47% decrease from the $816 billion in 2022, and a 52% decrease from the record $891 billion in 2021.
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CREF Policy Update April 25: MBA, Coalition Responds to HUD’s RFI on Build America, Buy America
Commercial and multifamily developments and activities from MBA important to your business and our industry.
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CommercialEdge: Q1 Office Sales Dip 17% From 2023
CommercialEdge, Santa Barbara, Calif., reported Q1 office sales fell to $5.4 billion, 17% below the 2023 first-quarter result.
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Hotel Construction Rises for First Time in Nine Months, CoStar Finds
The volume of U.S. hotel rooms under construction grew year-over-year for the first time since last June, according to CoStar Group, Washington, D.C.
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Student Housing Pre-Leasing, Rent Growth Outpace Historical Average
Student housing pre-leasing is outpacing all previous years on record and rent growth remained strong in March, according to Yardi Matrix, Santa Barbara, Calif.
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MBA Statement on HUD Updates to Wind and Named Storm Requirements
MBA’s President and CEO Bob Broeksmit, CMB, released a following regarding the Department of Housing and Urban Development’s (HUD) updates to its wind and named storm policy for Federal Housing Administration (FHA) multifamily loans.
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RentCafe: Build-to-Rent Housing Continues Boom
RentCafe, Santa Barbara, Calif., reported 27,500 build-to-rent homes were completed in 2023. That’s a 75% increase from 2022.
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MBA Statement on HUD’s Federal Flood Risk Management Standard Final Rule
MBA President and CEO Bob Broeksmit, CMB, released a statement regarding the Department of Housing and Urban Development’s Federal Flood Risk Management Standard final rule.
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Dealmaker: Calmwater Capital Originates $12M for California Retail Property
Calmwater Capital, Los Angeles, provided Irvine, Calif.-based West Hive Capital with $12.25 million in short-term first mortgage debt for a neighborhood retail property in Rancho Palos Verdes, Calif.