Wall Street Journal, Oct. 4, 2022–Peter Grant (subscription)Chicago is offering financial help to developers willing to convert aging office towers into residential buildings, a new program that could become a …
Group Newslink: MBA Commercial/Multifamily NewsLink Oct. 6 2022
Retail Real Estate Is Enjoying Its Biggest Revival in Years
Wall Street Journal, Oct. 4, 2022–Kate King (subscription)Bricks-and-mortar store owners are emerging from the pandemic with surprising strength, posting some of their best numbers in years and plotting expansions as …
Survey: Fed’s Inflation Fight Will Take Interest Rates to Highest Since 2007
Bankrate.com, Oct. 5, 2022–Sarah FosterThe Federal Reserve is expected to lift interest rates to the highest level since 2007 in its intense quest to battle the hottest price surge in …
Commercial, Multifamily Slowdown: Permanent Problem or Temporary Blip?
Mortgage Professional America, Oct. 4, 2022–Candyd MendozaAfter a strong half-year, commercial and multifamily mortgage transactions are forecasted to fall 14% year over year to $766 billion in 2022, according to …
Fed Official Says Inflation Fight Will Take Time, Despite Signs of Progress
Wall Street Journal, Oct. 4, 2022–Nick Timiraos (subscription)Bringing inflation down from 40-year highs is likely to take time and will require a slowdown in economic growth and reduced demand for …
Hurricane Ian’s Impact on CRE Insurance Rates
Commercial Property Executive, Oct. 4, 2022–Jordana RothbergHurricane Ian, hitting Florida on September 28th, has gone down as one of the most destructive storms in U.S. history. High winds, storm surges …
Office Sector Loses Ground, But Firms Still Own a Lot Of It
Pensions & Investments magazine, Oct. 4, 2022–Arleen JacobiusOffice has morphed from a sector that once made up a third or more of real estate managers’ portfolios to one that real …
NYC Offices to See $50 Billion in Value Wiped Out, Study Says
Bloomberg, Oct. 3, 2022–Lizzie KaneNew York office buildings are facing a potential $50 billion wipeout of value thanks in part to remote work. The values of those properties declined nearly …
MBA Projects 14 Percent Fall From 2021 for Commercial, Multifamily Mortgage Borrowing
MortgageOrb, Oct. 3, 2022–Ariana FineThe Mortgage Bankers Association’s updated baseline forecast shows that total commercial and multifamily mortgage borrowing and lending is expected to fall to $766 billion this year, …
The Impact Hurricane Ian Could Have on CRE
GlobeSt.com, Oct. 03, 2022–Erik ShermanAlthough it will take time to get accurate numbers, Trepp estimated the commercial real estate exposure Hurricane Ian had in what has been one of the …