Capital Markets and Finance
Communities of color struggle to thrive in part because real estate appraisals are marred by racial bias, ossified methodology, and industry practices, according to an expert panel at ULI’s Fall Meeting in Dallas.
Facing economic challenges that include inflation, currency issues, and other headwinds, commercial real estate companies should focus more on cash flow assets as a method to drive revenue growth, Kathleen McCarthy, global co-head of Blackstone Real Estate, said during a general session at the ULI Fall Meeting in Dallas.
6 strategic ways to foster and consolidate the use of green financing tools.
Total commercial and multifamily mortgage borrowing and lending are expected to fall to $766 billion this year, down 14 percent from 2021 totals. This is according to an updated baseline forecast released today by the Mortgage Bankers Association.
Rising interest rates have not derailed a steady pipeline of merger and acquisition activity in commercial real estate—at least not yet. The sector has seen a number of mega-mergers announced this year but not well above the historical average.
The $99.5 billion increase in commercial and multifamily mortgage debt outstanding in the second quarter was the second largest quarterly rise since the inception of MBA’s data series in 2007.
According to the 2022 Global Cryptocurrency Adoption Index, four of the top five countries for cryptocurrency adoption are emerging markets, with the United States listed in fifth place.
The ULI Asia Pacific Summit, held in Hong Kong in August, asked a panel of experts what was next for China’s property market. The residential development market in particular has been challenged, with restrictions on lending, defaults among developers, and falling sales.
Negative economic growth in the first two quarters of 2022, a volatile stock market, apartment dwellers stressed about inflation, and interest rate hikes from the Federal Reserve are enough to make developers and investors in the multifamily segment of commercial real estate feel more than a little anxious. Even so, industry experts are recommending that their clients stick to their long-term strategy and ride out the turmoil, rather than changing direction.
Thirty-eight states have passed legislation authorizing Commercial Property Assessed Clean Energy (C-PACE) financing to date. While C-PACE has been around for more than 20 years, the COVID-19 pandemic has accelerated its adoption.