Bloomberg, June 26, 2020–Natalie WongManhattan’s office rents are likely to plummet to the lowest level since 2012 if the U.S. economy doesn’t recover quickly from the pandemic. Asking rents could …
Group Newslink: MBA Commercial/Multifamily NewsLink July 2
May Commercial Real Estate Sales Slump
Real Capital Analytics, New York, reported commercial property sales sank again in May as the COVID-19 crisis kept investors on the sidelines.
COMBOG Nominating Committee Seeks Board Member Recommendations by July 17
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) nominating committee is soliciting MBA members’ recommendations for individuals to serve on the Board beginning in October.
Brookfield Says Office Demand Has Increased as Workers Return
Bloomberg, June 24, 2020–Suzy WaiteBrookfield Asset Management Inc., one of the world’s biggest real estate investors, is seeing higher demand for office space as workers return to socially-distanced buildings.https://www.bloomberg.com/news/articles/2020-06-24/brookfield-says-office-demand-has-increased-as-workers-return
MBA Nominates Matt Rocco of Grandbridge Real Estate Capital to be 2021 MBA Vice Chairman
The Mortgage Bankers Association nominated Matthew G. Rocco Sr., Chairman of the Board and CEO of Grandbridge Real Estate Capital, Charlotte, N.C., to serve as MBA Vice Chairman for the 2021 membership year. He is expected to be installed at the association’s 107th Annual Convention this October.
Virus Pummels Commercial Real Estate, Could End Long Boom
Associated Press June 24, 2020–Joyce Rosenberg, Ken SweetAmericans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus pandemic abandon offices …
Fitch Ratings: CRE Defaults Likely To Rise After Forbearance Periods
Fitch Ratings, New York, said it anticipates commercial real estate loan defaults will rise at the end of forbearance periods.
Apply Now for MBA Path to Diversity Scholarship Program – Deadline July 31
The MBA Education Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education. Recipients receive a voucher to cover course registration …
Dealmaker: Merchants Capital Arranges $83M
Merchants Capital, Carmel, Ind., secured $82.9 million in financing for a Cincinnati mixed-use property and affordable housing in Joliet, Ill.