Top News

The volume of CMBS loans that are classified as being delinquent declined in April by $815 million, or 1.78%, to $45.02 billion. Delinquency volumes have gyrated over the past 12 months, climbing in six months and declining in another six.

Prime Finance, an alternative lender that also invests in the most subordinate classes of CMBS conduit deals, is on track to fund more than $4 billion of loans this year.

Apartment rents in San Francisco averaged $2,737/unit in the first quarter, up 3% from the same time last year, according to Kidder Mathews. The vacancy rate throughout the city has declined year over year to 4.7% from 5.3%.

The city's office market continued to struggle last quarter, with absorption remaining in the red. A bright spot was the city's Energy Corridor, which has benefited from the country's sharp increase in oil production. The submarket has some of the...

The Washington, D.C., office market recorded its weakest leasing quarter in two and a half years, with only 1.3 million square feet leased in the first quarter, according to Savills.

While agency loans comprise an overwhelming majority of the securitized multifamily loan universe, CMBS loans carry disproportionately higher delinquency rates, shorter remaining terms, and greater refinancing sensitivity.

The world's inventory of data centers as measured by power capacity grew by 12% last year and roughly a quarter over the past two years. Growth is expected to continue ballooning, but it's not without challenges.

The major mortgage REITs, which originated nearly $50 billion of commercial mortgages in 2021, originated $22.5 billion of loans last year. While far off the record volume of five years ago, it's roughly four times 2024's total volume.

Despite the 3.96 million square feet of negative absorption recorded during the first quarter, the worst might be over for the national office market.

A Principal Financial investment vehicle has paid $15.6 million for 5217 Village Creek Drive, a former assisted-living facility in Plano, Texas, that's being converted into an addiction treatment facility. The investment is the third for the vehicle, Principal Inside, an...