Axios, Sept. 28, 2022–Kate MarinoCities and states across the country are looking to transform vacant office buildings into housing — a solution for both empty downtowns and housing shortages.https://www.axios.com/2022/09/28/office-buildings-housing-cities-work-downtown-reuse
Group Newslink: MBA Commercial/Multifamily NewsLink Sept. 29 2022
Fannie Mae Launches Rent Payment Reporting Pilot Program
HousingWire, Sept. 27, 2022–James KleimannFannie Mae on Tuesday launched a pilot program to help renters of multifamily properties build their credit histories and improve their credit scores.https://www.housingwire.com/articles/fannie-mae-launches-rent-payment-reporting-pilot-program/
10-Year Treasury Yield Hits 4%
Wall Street Journal, Sept. 28, 2022–Sam Goldfarb and Matt Grossman (subscription)U.S. borrowing benchmark has climbed at its fastest pace in four decades, driven by inflation fears. The 10-year Treasury yield …
New York City’s Empty Offices Reveal a Global Property Dilemma
Bloomberg News, Sept. 25, 2022–Natalie Wong, John Gittelsohn and Noah BuhayarIn the heart of midtown Manhattan lies a multibillion-dollar problem for building owners, the city and thousands of workers. Blocks …
Commercial Mortgage Debt Rises by Nearly $100B in Q2
Connect CRE, Sept. 27, 2022–Paul BubnyCommercial/multifamily mortgage debt outstanding increased by $99.5 billion, or 2.3%, in the second quarter of 2022, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage …
Remote Work Drove Over 60% of Housing Prices, Federal Study Finds
Bloomberg News, Sept. 26, 2022–Catarina SaraivaThe shift to working from home drove more than half of the increase in house and rent prices during the pandemic and will likely drive …
More Women Finding a ‘Seat at the Table’ in Dealmaking
GlobeSt.com, Sept. 16, 2022–Paul BergeronMore women are getting a “seat at the table” during commercial real estate dealmaking, something that gives Paula Harris a great deal of pride.https://www.globest.com/2022/09/16/more-women-finding-a-seat-at-the-table-in-dealmaking/?
Net Lease Retail Valuations Finally Cracking Under Interest Rate Pressure
Wealth Management Real Estate, Sept. 26, 2022–Jenn ElliotAfter a prolonged period of stability, interest rate hikes are finally making a ripple in the net lease retail market.https://www.wealthmanagement.com/net-lease/net-lease-retail-valuations-finally-cracking-under-interest-rate-pressure?
Same-Store Rent Growth Starts to Cool in Some Markets
GlobeSt.com, Sept. 26, 2022–Erik ShermanAfter pain during the earlier parts of the pandemic, retail has made a great comeback. Research from JLL suggests that total transaction volume for the first …
Central Banks May Stoke Risks by Raising Interest Rates Together
Wall Street Journal, Sept. 25, 2022–Paul Hannon (subscription)Central banks around the world are raising their key interest rates in the most widespread tightening of monetary policy on record. Some economists …