Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are links to five stories that caught our eyes in recent days:
Top U.S. Commercial, Multifamily Mortgage Servicers Revealed by MBA, By Monsef Rachid, World Property Journal
Key Excerpt:
“The Mortgage Bankers Association (MBA) recently released its mid-year ranking of commercial and multifamily mortgage servicers’ volume as of mid-2016. At the top of the list is Wells Fargo Bank N.A. with $502.2 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $499.1 billion, Berkadia Commercial Mortgage LLC with $220.6 billion, KeyBank N.A. with $195.4 billion, and CBRE Loan Services with $108.3 billion.”
Which U.S. Commercial Real Estate Sectors Might Be Nearing Oversupply?, By Susan Persin, Urban Land Institute
Key Excerpt:
“Construction during the current real estate cycle has generally stayed below historical trends, but deliveries have increased as the cycle matures, prompting a look at whether markets are becoming overbuilt.”
Five Insights Into Midtown and Downtown Development, By Jarred Schenke, Bisnow
Key Excerpt:
“DTJ Design’s Todd Hill, one of the key designers of the Downtown Atlanta park’s first version, says the legacy park has generated $1.4B in economic activity around it, despite downtown’s continued problems with ‘perception of safety and security.'”
GRESB Data Shows Broad Improvement in Real Estate ESG Performance, By Sarah Borchersen-Keto, REIT.com
Key Excerpt:
“According to 2016 GRESB data, 90 percent of property companies and funds reporting to GRESB are integrating carbon management strategies into their investments. These actions have contributed to a 2 percent annual decrease in carbon emissions, according to GRESB, which noted that is the equivalent of taking 704,464 passenger cars off the road.”
Six Apartment Markets That Have Recovered the Most Since the Housing Crash, By Bendix Anderson, NREIOnline
Key Excerpt:
“’If demographics are on a market’s side—rapid population growth, with jobs being created—then it’s no surprise that these markets are reclaiming top spots in various rankings,’ says Victor Calanog, chief economist and senior vice president for New York City-based research firm Reis Inc.”