The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9%) in the first quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.

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

Single-family rents nationwide grew 3% year-over-year in April, CoreLogic, Irvine, Calif., reported, consistent with growth recorded over the past year.

Commercial real estate office loan performance will weaken further as market pressures build, according to Fitch Ratings’ latest U.S. CMBS Office Dashboard.

Yardi Matrix, Santa Barbara, Calif., released its U.S. Multifamily Outlook for Summer 2024, finding that while multifamily performance continues to be strong, rent growth is likely to remain slow through the rest of the year.

CBRE, Dallas, reported that investors have generally positive sentiment about the hotel market this year.

TransUnion, Chicago, released its Consumer Pulse Study for the second quarter, finding consumer concerns about inflation and interest rates have hit their highest levels in two years. However, more than half of Americans remain optimistic about their household finances over the next year.

Greystone, New York, closed a bridge loan debt placement and preferred equity component to refinance a multifamily property in Fort Worth, Texas. The financing totaled $22.9 million.