Multifamily CMBS special servicing rate rises in February
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans resumed its upward trend in February, rising 9 basis points. The overall CMBS special servicing rate on commercial property rose 45...
MBA: commercial mortgage delinquency rates on the rise
A recent report from the Mortgage Bankers’ Association (MBA) states that commercial and multifamily mortgage delinquency rates have been rising for the last two years. For some categories of lenders, delinquency rates are now...
The Michaels Organization Welcomes New Deputy Chief Financial Officer Mark Biancucci
The Michaels Organization, a national leader in residential real estate, is pleased to announce that Mark Biancucci has joined the organization in the newly created role of Deputy Chief Financial Officer.
"We're delighted to welcome...
C1 Development Expands Leadership Team to Drive National Growth and Co-Development Strategy
C1 Development, a national multifamily and student housing development focused firm, is proud to announce the addition of three distinguished professionals to its team.
C1 Development specializes in the development and co-development of institutional multifamily...
Landmark Properties announces C-Suite installations along with promotions for both Walt Templin and Wes...
Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, acquisition, investment management, and operation of high-quality residential communities, announced Wes Rogers, formerly President and CEO, will add the newly created role...
Stephen Merkel Appointed Chairman of Newmark’s Board of Directors
Newmark, a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announced Stephen Merkel has been named Chairman of the Board of Directors.
Howard W....
CEO Barry Gosin Adds Role as Chairman of Newmark’s Operating Company
Newmark, a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announced that Chief Executive Officer Barry Gosin will assume the additional role of...
Bill Pulte applauded by numerous agencies on his recent appointment as the new director...
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, commends the U.S. Senate for confirming Bill Pulte as the new director of the Federal Housing Finance Agency...
SDS Capital Launches New National Capital Platform ‘SDS Impact Debt’ (SDSID)
Los Angeles-based impact fund manager SDS Capital Group has launched SDS Impact Debt (‘SDSID’). This new capital platform provides below-market permanent and construction financing for the preservation and development of affordable housing throughout the...
Rising cost of insurance continues to challenge multifamily operations
Two surveys published this month, one national from the National Multifamily Housing Council (NMHC) and the other regional from the Federal Reserve Bank of Minneapolis, highlight how the rising cost of insurance...
Fed keeps interest rate trajectory unchanged
The economic projections released by the Federal Open Market Committee (FOMC) after this week’s meeting indicate that they expect the interest rate trajectory to be the same as they projected with the last release...
GSEs dominate growth in multifamily mortgage debt in Q4
The Mortgage Bankers Association (MBA) reported that multifamily mortgage debt outstanding rose by $38.88 billion in Q4 from the revised level of the quarter before. Total multifamily debt reached a level of $2.157 trillion....
Multifamily starts rise as completions fall
The Census Bureau’s report on new residential construction stated that multifamily permits fell, multifamily starts rose and multifamily completions plunged. It also reported rising single family construction activity with increases in both starts and...
Higher construction materials prices coming
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.1 percent month-over-month in February on a seasonally adjusted basis. The index of components and...
Rising credit card debt signals challenges ahead for multifamily
Increasing household debt and delinquencies signals challenges ahead for multifamily owners, operators, and renters. Rising credit card debt and high credit-card interest rates make it difficult for renters to make ends meet,...
