Group Newslink: MBA Commercial/Multifamily NewsLink June 30 2022

Wall Street Journal, June 27, 2022 (subscription)San Francisco Fed President Mary Daly discussed the inflation outlook and her support for a 0.75-percentage-point rate increase at the central bank’s June 14-15 …

Bloomberg news, June 27, 2022KKR & Co. has sold seven U.S. student housing properties to Harrison Street, a deal that shows continued strength for the sector even as other residential …

Wall Street Journal, June 27, 2022– Will Parker (subscription)Competition among renters means many tenants feel compelled to pay more each month than what the landlord is asking.https://www.wsj.com/articles/bidding-wars-overheated-the-home-buyer-market-now-theyre-coming-for-renters-11656322200?

Bloomberg, June 24, 2022–Alice KantorHome prices and rents are surging in major urban areas across the world, leaving people who moved out during the pandemic with dwindling options.https://www.bloomberg.com/news/articles/2022-06-24/should-i-move-to-new-york-london-surging-rent-prices-make-it-hard-to-afford?srnd=premium#xj4y7vzkg

Mortgage Professional America, June 24, 2022–Candyd MendozaDestiny USA, the largest mall in New York, has dodged a default bullet after securing a five-year extension from lenders to pay back $430 …

Hotel News Now (CoStar), June 24, 2022–Dana MillerAs uncertainties linger, the question among investors today is whether to pump the brakes on buying hotel assets.https://www.costar.com/article/464112731/lack-of-supply-negative-leverage-limit-hotel-transactions

NPR, June 24, 2022–Jennifer LuddenMany forces have combined to create a rental market that’s setting records for a lack of vacancies and high costs. A big one is a historic …