MBA: Commercial Mortgage Delinquency Rates Increased in First Quarter
Commercial mortgage delinquencies increased in the first quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial Delinquency Report.
Redfin Reports Renters Staying Put Longer
Renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership, according to Redfin, Seattle.
RentCafe: New Apartment Sizes Are Rebounding
RentCafe, Santa Barbara, Calif., found the average new U.S. apartment size increased by 27 square feet in 2023, up to 916 square feet.
Trepp Reports CMBS Delinquency Rate Dips
Trepp, New York, reported the commercial mortgage-backed securities delinquency rate dipped back below 5% in May.
Commercial and Multifamily People in the News June 6, 2024
Industry personnel news from JLL, Merchants Capital, Greystone and DLA Piper.
Analysts Downgrade U.S. Hotel Forecast
Two hotel sector data firms, STR and Tourism Economics, significantly downgraded their 2024-2025 U.S. hotel forecast.
Dealmaker: Berkadia Negotiates $19M Multifamily Sale in Tacoma, Wash.
Berkadia, New York, sold 88-unit multifamily property Bella Vista in Tacoma, Wash., for $18.5 million.
S&P Global Ratings: Life Insurers’ CRE Exposure ‘Manageable’
The credit quality U.S. life insurers commercial real estate exposure remains high, driven by the conservative, diversified nature of its investment in the space, according to S&P Global Ratings, New York.
