GlobeSt.com, July 20, 2022 –Erik ShermanHousing, particularly multifamily, saw big jumps—and cap rate crushing—during the pandemic. Now? The Mortgage Bankers Association says the brakes are about to hit.https://www.globest.com/2022/07/20/multifamily-lending-to-slow-down-for-the-rest-of-this-year/?
Group Newslink: MBA Commercial/Multifamily NewsLink July 21 2022
In Spite of Worries About Inflation, Retail Leasing Has Been on a Roll
Wealth Management Real Estate, July 20, 2022–Buck WargoData from Coresight Research shows store openings are outpacing store closings so far this year. Retail brokers hope leasing trends will stay strong.https://www.wealthmanagement.com/retail/spite-worries-about-inflation-downturn-retail-leasing-has-thrived-year?
Average Rent in Manhattan Tops $5,000 for First Time
WUTR (Utica, N.Y.), July 18, 2022–Ayana HarryApartment rents in Manhattan have once again reached record levels after rising nearly 30% in the last year, a new report found.https://www.cnyhomepage.com/news/average-rent-in-manhattan-tops-5000-for-first-time/
What History Teaches Us About Inflation And Commercial Real Estate
Forbes, July 18, 2022–Marc DeLucaDespite the concern it generates, inflation has always been a natural occurrence in our economic cycle. Because of this, I believe investing in asset classes like …
Amazon Hits Pause on Office Construction in Tennessee, Washington State as Workers Go Hybrid
Wall Street Journal, July 18, 2022–Alyssa Lukpat (subscription)Amazon.com is pausing construction on six new office buildings in Nashville, Tenn., and Bellevue, Wash., as it redesigns workspaces for hybrid work.https://www.wsj.com/articles/amazon-hits-pause-on-office-construction-in-tennessee-washington-state-as-workers-go-hybrid-11657912819
Why CRE Execs ‘Must Hold One Another Accountable’ For DE&I Initiatives
GlobeSt.com, July 18, 2022–Holly AmayaStephanie Wiggins, Head of Production, Agency Lending at PGIM Real Estate, will moderate Women Of Influence panel on taking charge of DE&I initiatives.https://www.globest.com/2022/07/18/why-cre-execs-must-hold-one-another-accountable-for-dei-initiatives/?
Make Your Voice Heard through MBA Mortgage Action Alliance
The MBA 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. MAA is dedicated …
Mapped: Where U.S. Housing is Growing
Acios, July 18, 2022–Erin DavisIn census data out this month, Axios noticed a massive boom in suburban homebuilding, especially in Texas. Why it matters: You can see the rings around …
As Fed Tightens, Economists Worry It Will Go Too Far
Wall Street Journal, July 17, 2022–Gwynn Guilford and Anthony DeBarrosEconomists increasingly expect the Federal Reserve, in its efforts to push down inflation, to raise rates enough to trigger a recession, …
U.S. Retail Sales Beat Expectations; Manufacturing Production Slumps
Reuters, July 15, 2022–Lucia MutikaniU.S. retail sales rebounded strongly in June as Americans spent more on gasoline and other goods amid soaring inflation, which could allay fears of an imminent …