CBRE: Hotel Recovery Could Start Soon

After facing the lowest occupancy levels since the 1930s and huge revenue and profit declines in the second quarter, the hotel sector could begin a multi-year recovery soon, said CBRE, Los Angeles.

Office Vacancy Rate Could Reach 20% in 2022

­­The office sector saw downward pressure even before the COVID-19 crisis. Now, burdened with a shift toward remote wor­­­­­­­king, it could be particularly hard hit in the coming years, said Moody’s Analytics, New York.

Data Centers Bright Spot in Pandemic Economy

Where some see challenges, others see opportunity–and business data centers proved resilient in the first half of 2020 as many businesses implemented hybrid IT infrastructure to improve their remote work capabilities and streaming content providers saw increased viewership due to the COVID-19 pandemic, said CBRE, Los Angeles.

Personnel News from CBRE, Walker & Dunlop, Marcus & Millichap

CBRE, Los Angeles, announced Bill Grice joined CBRE Hotels as Executive Vice President and Co-Head of Hospitality Capital Markets. Based in the firm’s Atlanta office, he will focus on the origination and placement of debt and equity for hospitality-related transactions.

Multifamily Lending Increased 7% to New Record High in 2019

Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual multifamily lending market report.