Commercial/Multifamily Briefs from PNC Bank, Fannie Mae, CBRE

PNC Bank, N.A., Pittsburgh, closed a $181 million fund to develop and rehabilitate affordable rental housing for families and seniors. PNC said the fund will provide financing for nearly 1,800 affordable housing rental units at 17 multifamily properties across 13 states.

Office Space Demand Falls Again

VTS, New York, reported new demand for office space fell for the second consecutive month in October to a level last seen in the first quarter.