Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023, according to the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey.

Following a joint comment letter with other trade groups submitted last week, the Mortgage Bankers Association also outlined more in depth concerns about the Notice of Proposed Rulemaking regarding the implementation of the final components of the Basel III standards in a separate letter Tuesday.

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

Berkadia, New York, released its 2024 Powerhouse Poll, revealing industry members’ perspectives on the commercial real estate industry. The survey found 72% of respondents believed institutional transaction volume will be stronger in 2024.

Yardi Matrix, Santa Barbara, Calif., released its Yardi Matrix National Multifamily Report, finding that rents declined for a fifth consecutive month.

The headline inflation rate increased modestly during December, the Bureau of Labor Statistics reported Thursday.

Calmwater Capital, Los Angeles, provided GE Development with a $32.2 million construction loan to complete The One, an 81-unit multifamily development with 13,000-plus square feet of street-level retail in San Gabriel, Calif.