CREF Policy Update: Hearing Recap: Senate Budget Committee on the Impacts of Climate Change on Insurance Markets
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Redfin: Asking Rents Hit Highest Level Since 2022
Redfin, Seattle, found the median asking rent increased 0.8% year-over-year in May to $1,653, just $47 below the record high hit in August 2022.
CBRE: Boston, New York/New Jersey, Los Angeles Top Life Sciences Subsectors Lists
CBRE, Dallas, released its latest U.S. Life Sciences Talent Trends report, analyzing life sciences employment by subsector and identifying which cities constitute the “top markets” for each.
Trepp Reports CMBS Special Servicing Rate Increases Again
The commercial mortgage-backed securities special servicing rate continues to grow, increasing 10 basis points in May to 8.21%, according to Trepp, New York.
FHFA Seeks Input on Fannie Mae/Freddie Mac Proposed Duty to Serve Underserved Markets Plans
The Federal Housing Finance Agency requests public input on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac under the Duty to Serve program.
Jobs Report: 272,000 Added in May
The U.S. Bureau of Labor Statistics announced nonfarm payroll increased by 272,000 and the unemployment rate was at 4% in May.
Dealmaker: JLL Secures $30M For Three-Property Industrial Portfolio
JLL Capital Markets, Chicago, arranged $30 million in financing for a three-property industrial portfolio totaling 330,178 square feet in Texas, California and Arizona.
