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Group Newslink: MBA Commercial/Multifamily NewsLink June 9 2022
Rising Prices, Rents Are ‘Exacerbating the Gap Between Rich and Poor’
Concord (N.H.) Monitor, June 7, 2022–Michael KitchThe dynamics of the housing market are contributing to widening disparities of income and wealth while in turn increasing the financial pressures on renter …
Gov. Hochul Signs NYC Hotel-to-Housing Conversion Bill
New York Daily News, June 7, 2022–Chris SommerfeldtNew York Governor Kathy Hochul signed a bill Tuesday that paves the way for underutilized hotels in the city to be converted into …
Private Equity Investors in Commercial Real Estate: Easy Does It Now
Commercial Observer, June 6, 2022–Andrew CoenIn an economic climate clouded with volatility, private equity investors are growing increasingly selective when it comes to where they deploy their capital.https://commercialobserver.com/2022/06/private-equity-commercial-real-estate-recession-rates/
Commercial Property Sales Slow as Rising Interest Rates Sink Deals
Wall Street Journal, June 7, 2022–Will Parker and Konrad Putzier (subscription)Commercial real estate is showing the first signs of cooling in more than a year, disrupted by rising interest rates …
Hilton Hotel to Reopen After Sale, Accelerating Times Square Comeback
Wall Street Journal, June 6, 2022–Craig Karmin (subscription)A 478-room hotel near the heart of New York City’s Times Square is poised to reopen under new ownership after closing two years …
Rising Rates Are Scaring Away Investors—What This Means For Homebuyers
Forbes, June 6, 2022–Natalie CampisiInvestors have played an increasingly larger role in the home buying market, representing a record-high 26.9% of home purchases in October 2021, according to a recent …
Delinquency Rate For Commercial Mortgage-Backed Securities In Largest Decline Of 2022
Benzinga, June 4, 2022–Phil HallThe delinquency rate for commercial mortgage-backed securities (CMBS) took on its biggest decline of the year in March, according to new data from Trepp LLC.https://www.benzinga.com/news/22/06/27552300/delinquency-rate-for-commercial-mortgage-backed-securities-records-biggest-decline-of-2022
Federal Reserve Sees Multiple CRE Markets Softening
GlobeSt.com, June 3, 2022–Erik ShermanAccording to the Federal Reserve, there’s still growth in overall economic activity, but reports on real estate in 11 of its 12 districts suggest that things …
Bank CEO Compensation Soared Last Year Alongside Surging Stock Prices
American Banker, June 2, 2022–Jordan Stutts (subscription)Strong stock performances and a surge in incentive pay last year fueled a sharp rise in total compensation paid to the CEOs of large …