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Commercial/Multifamily Borrowing Unchanged in First Quarter of 2024
Commercial and multifamily mortgage loan originations were essentially unchanged in the first quarter of 2024 compared to a year ago, and decreased 23% from the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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CREF Policy Update May 9: COMBOG Chair Testifies on Health of CRE Market; Identifies Regulatory Barriers
Commercial and multifamily developments and activities from MBA important to your business and our industry.
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RentCafe: Adaptive Reuse Projects Increase, With Hotels Popular in 2023
RentCafe, Santa Barbara, Calif., found adaptive reuse projects grew last year. There were 17.6% more apartments converted from outdated buildings in 2023 compared with 2022.
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MBA, Other Housing Trade Groups Applaud Launch of Bipartisan Congressional Real Estate Caucus
A number of groups thank Reps. Mark Alford (R-Mo.), J. Luis Correa (D-Calif.), Tracey Mann (R-Kan.), and Brittany Pettersen (D-Colo.) for launching the Bipartisan Congressional Real Estate Caucus.
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Commercial Property Prices Dip
The pace of decline in U.S. commercial real estate prices decelerated in March, led by improvements in the industrial sector, Real Capital Analytics reported.
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Commercial and Multifamily People in the News May 9, 2024
Industry personnel news from Gantry, M&T RCC, Peachtree Group, Pace Loan Group and Merchants Capital.
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A.I. & Commercial Real Estate: an MBA NewsLink Q&A with Greystone’s Niraj Patel
MBA NewsLink recently interviewed Greystone's Niraj Patel about Artificial Intelligence and digital transformation in commercial real estate.
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Jobs Report: U.S. Economy Adds 175,000 in April
Total nonfarm payroll employment increased by 175,000 in April, per the Bureau of Labor Statistics.
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Dealmaker: Greystone Provides $20.2M Freddie Mac Loan for Philadelphia Property
Greystone, New York, provided a $20.2 million Freddie Mac Optigo loan to refinance a construction loan for a multifamily property in Philadelphia.