Multi-Housing News, Aug. 9, 2021–Paul FiorillaThe apartment industry is facing the national spotlight related to a potential wave of evictions just as multifamily fundamentals are hitting unprecedented heights.https://www.multihousingnews.com/post/analysis-why-multifamily-thrives-as-eviction-wave-looms/
Group Newslink: MBA Commercial/Multifamily NewsLink Thursday Aug. 12
Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx. For more information, click here.
Texas Firm Hines Raises $650 Million for U.S. Property Bets
Bloomberg, Aug. 9, 2021–Gillian TanReal estate investment firm Hines has raised $650 million for a new fund dedicated to snapping up properties within the U.S. Including a $100 million commitment …
Blackstone to Buy Canada’s WPT Industrial REIT for $1.86 Billion
Reuters, Aug. 9, 2021Blackstone has agreed to buy WPT Industrial Real Estate Investment Trust for about $1.86 billion, as it looks to capitalize on the e-commerce-driven boom in demand for …
Marriott, Hilton, Others, Will Be Ripe for Acquisitions
Mergers & Acquisitions, Aug. 9, 2021–Demitri DiakantonisWe expect business travel to return in some sort of fashion this fall. Private equity firms, such as KKR, are betting on a rebound …
WeWork and Cushman & Wakefield Are Forming $150 Million Partnership
Wall Street Journal, Aug. 9, 2021–Peter Grant (subscription)Shared office space giant WeWork and Cushman & Wakefield PLC, one of the world’s largest commercial real-estate firms, are negotiating to form a …
U.S. Multifamily Lending Dipped in 2020 to $359 Billion
World Property Journal, Aug. 9, 2021According to the Mortgage Bankers Association’s latest annual report of the multifamily lending market, in 2020, there were 2,140 different multifamily lenders that provided a …
REITs Are Back in Vogue as Real Estate Market Makes a Comeback
Wall Street Journal, Aug. 8, 2021–Lori Ioannou (subscription)Real estate investment trusts, often thought of primarily as a way to diversify a portfolio, are playing a starring role this year.https://www.wsj.com/articles/reits-are-back-in-vogue-as-real-estate-market-makes-a-comeback-11628280620?
Eviction Moratorium’s Renewal Squeezes Small Landlords
Wall Street Journal, Aug. 6, 2021–Will Parker and Andrew Ackerman (subscription)Many individual property owners have struggled to collect monthly rent checks, and some have gone into forbearance on mortgageshttps://www.wsj.com/articles/eviction-moratoriums-renewal-squeezes-small-landlords-11628247601?