JLL, Chicago, closed $63.8 million in office and apartment property transactions in Minnesota and Colorado.
Group Newslink: MBA Commercial/Multifamily NewsLink Aug. 13
Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx.https://www.mba.org/members/member-resources/member-advantage-program?
Pandemic Likely to Have ‘Meaningful Impact’ on Multifamily Market
Freddie Mac, McLean, Va., predicted marginal reductions in rents and increased vacancies as the multifamily market responds to the COVID-19 pandemic’s economic effects.
MBA: Second Quarter Commercial/Multifamily Borrowing Falls 48 Percent
Commercial and multifamily mortgage loan originations fell by 48 percent in the second quarter from a year ago and declined by 31 percent from the first quarter, the Mortgage Bankers Association reported this morning in its Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
July Jobs Up Nearly 2 Million; Unemployment Rate Drops
The Bureau of Labor Statistics reported nonfarm payroll employment increased by 1.8 million during July, pushing the unemployment rate down to 10.2 percent.
FHFA: Multifamily Owners in Forbearance Must Inform Tenants of Eviction Suspension, Tenant Protections
The Federal Housing Finance Agency announced Thursday multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac who enter into a forbearance agreement must inform their tenants about protections during the property owner’s forbearance and repayment periods.
Keeping Current with TD Bank Commercial’s Gregg Gerken
MBA NewsLink interviewed Gregg Gerken, Head of Commercial Real Estate for TD Bank. He is responsible for a $20 billion investment real estate portfolio and a $2 Billion LIHTC Equity portfolio serving regional institutional real estate clients.
Manhattan Apartment Deals Plunge 57%, Suburban Real Estate Surges
CNBC, Aug. 6, 2020–Robert FrankThe number of signed contracts for co-ops and condos in Manhattan dropped 57% in July compared with a year ago, a report from Miller Samuel and …
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.http://www.mortgagebankers.org/Advocacy/MortgageActionAlliance
Zillow: Missed Rent Payments May Balloon as Boosted Aid Expires
Enhanced government unemployment aid expired last week, meaning more apartment renters could miss payments in coming months, said Zillow, Seattle.