Ginnie Mae’s Gormley signals no change to FHA MIP for now
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Joe Gormley calls the current structure for single-family and reverse mortgages ‘comfortable’
External link. Real Estate Trail does not republish source content.
More from the wire
La Salle County commercial properties sales: Sold Oct. 1 to 31
Sunday Summary: Tsunami Time for Real Estate?
If last week was the time you finally booked that trip to Micronesia and decided to truly unplug — no phone, no TV, no newspapers, no laptops, no salt stomping Instagram videos — we have news for you: There was an ele…
Mercor Takes Lila Sciences’ Upper Floors at 181 Fremont as San Francisco Trophy View Vacancy Falls to 0.5%
AI training startup Mercor subleased the 35th and 36th floors of 181 Fremont from Lila Sciences in August, a deal Newmark says left the tower with no view space and narrowed San Francisco's options for view blocks abo…
MBZUAI’s Institute of Foundation Models Leases 27,000 SQFT Former LinkedIn Office in Sunnyvale’s Peery Park
A former LinkedIn office that sat empty for years is fully leased again as Sunnyvale office vacancy drops to 10.3 percent, the steepest decline among Silicon Valley submarkets. The Institute of Foundation Models, the…
$500,000 Pilot Bets Arts Tenants Can Revive Mid-Market Storefronts as Submarket Vacancy Sits at 32%
A $500,000 seed fund from the San Francisco Downtown Development Corporation, Ripple co-founder Chris Larsen and Proper Hotel Group will bankroll a 12-month pilot on the 900 block of Market Street that subsidizes arts…
Bay Area Tech Giants Bring Office Leasing Home as Market Value Jumps 28%
Bay Area-headquartered public companies have gained 28 percent in market value over the past year and are steering a growing share of their office and R&D leasing back to the region, even as JLL data shows San Francis…