Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Group Newslink: MBA Commercial/Multifamily NewsLink Feb. 4
Real Estate Startup Knotel Files for Chapter 11 Bankruptcy
Wall Street Journal, Jan. 31, 2021–Konrad PutzierReal-estate startup Knotel Inc. filed for chapter 11 bankruptcy for its U.S. business on Saturday, agreeing for the company to be taken over by …
Manhattan Office Supply Hits Record High With Skyscrapers Empty
Bloomberg, Feb. 1, 2021–Natalie WongThere’s a record amount of office space available in Manhattan. With workers stuck at home, the office availability rate rose to 14.9% in January, the highest …
U.S. Economy Is Expected to Reach Pre-Pandemic Peak by Mid-2021
Wall Street Journal, Feb. 1, 2021–Kate Davidson (subscription)The U.S. economy is expected to expand more rapidly in 2021 than officials projected in July, but it will take several years for …
Dealmaker: Eastern Mortgage Capital Closes $78M for Multifamily
Eastern Mortgage Capital, Burlington, Mass., closed $78.2 million in first mortgage loans secured by multifamily assets in three states.
Cap Rates for Single-Tenant Big Box Properties Compress
The Boulder Group, Wilmette, Ill., said single-tenant net lease big box sector cap rates compressed 25 basis points between late 2019 and late 2020 to 6.75 percent.
CRE & Lodging Landscapes Post-COVID: Conversation with JLL’s Ryan Severino, Michael Huth
MBA’s Andrew Foster recently spoke with Ryan Severino and Michael Huth of JLL on the outlook for commercial real estate and in particular, the hotel/lodging sector in a post-coronavirus environment.
The CMBS Market During the Pandemic: Q&A with Dechert’s Richard Jones
MBA NewsLink interviewed Dechert Partner Richard Jones. He focuses his practice on sophisticated capital markets and mortgage finance transactions. He leads Dechert’s commercial mortgage-back securities team and serves as co-chair of the firm’s global finance group.
CBRE: Office Leases Reflect Preference for Renewals, Smaller Footprints
CBRE, Dallas, said renewals claimed more large office leases last year than in 2019, indicating many companies are postponing relocations and other real estate changes until they get clarity on the economic recovery and pandemic response.
David Brickman to Lead New Commercial Brokerage
HousingWire, Jan. 28, 2021–Kelsey RamirezFormer Freddie Mac CEO David Brickman will take the helm of a newly formed commercial agency lending platform, created by a partnership between commercial mortgage brokerage …