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Commercial

Green Building Accounts for Nearly 1/4 of U.S. CRE Construction

Commercial_Property

Green building is generating plenty of green for the commercial real estate world. According to a new study by Lux Research, the global green building market grew in 2013 to $260 billion, including an estimated 20 percent of all new U.S. commercial real estate construction.Click to continue

Commercial-Multifamily Originations See 18 Percent Quarterly Rise

Commercial Real Estate

According to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, third quarter 2014 commercial and multifamily mortgage loan originations were 16 percent higher than during the same period last year, and 18 percent higher than the second quarter of 2014.Click to continue

Commercial/Multifamily Mortgage Debt Outstanding Rises in Q2

Commercial and Multifamily Property

According to the Mortgage Bankers Association (MBA), the level of commercial/multifamily mortgage debt outstanding increased by $24.9 billion in the second quarter of 2014, as three of the four major investor groups increased their holdings.Click to continue

Multifamily Lending Hits New Record Levels

Commercial_Property

In 2013, 2,898 different multifamily lenders provided a total of $172.5 billion in new mortgages for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA). The 2013 dollar volume represents an 18 percent increase from 2012 levels.  Sixty-two percent of the active lenders made five or fewer multifamily loans over the course of the year.Click to continue

Survey Affirms Sweet REIT Net Return

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Real estate investment trusts (REITs) received a major vote of confidence in a soon-to-be-released survey that found these vehicles generated the highest net return of all asset classes among 900 corporate and public defined benefit plans.Click to continue

New York Remains Capital of Global Real Estate Investment

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For the fourth consecutive year in a row, New York City was named the world’s largest real estate investment market, according to latest edition of Cushman & Wakefield’s Annual “Click to continue

R3 Funding Opens Montreal Office

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R3 Funding, a New York-based lender correspondent and advisory firm providing mortgage brokers and borrowers access to various national lenders with secondary market debt products for commercial real estate loans, has announced that it will open an office in Montreal to serve the Canadian market.Click to continue

Q2 Commercial and Multifamily Delinquency Rates on the Rise

Commercial and Multifamily Property

Delinquency rates for commercial and multifamily mortgage loans continued to decline in the second quarter of 2014, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. During the second quarter of 2014, the 30-plus day delinquency rate for loans held in commercial mortgage-backed securities (CMBS) decreased 0.45 percentage points to 5.71 percent.Click to continue

Wells Fargo Tops MBA Survey of Commercial and Multifamily Mortgage Servicers’ Volumes

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The Mortgage Bankers Association (MBA) released its mid-year ranking of commercial and multifamily mortgage servicers’ volumes as of June 30, 2014. At the top of the list of firms is Wells Fargo with $446.8 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $378.2 billion, Berkadia Commercial Mortgage LLC with $242.9 billion, KeyBank National Association with $167.2 billion, and GEMSA Loan Services, L.P. with $95.7 billion.Click to continue

Multifamily Production Index Gains Five Points

Apartment Pic/Credit: Stockbyte

The Multifamily Production Index (MPI) recently released by the National Association of Home Builders (NAHB), posted a gain of five points to a reading of 58 for the second quarter. It is the 10th straight quarter with a reading of 50 or above.Click to continue