Daily News 9-23-2026

Commercial and multifamily mortgage loan originations were 16 percent higher in the second quarter of 2026 compared to a year earlier, and increased 12 percent from the first quarter of 2026, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Commercial and multifamily mortgage lending maintained its upward trajectory in the second quarter as improving capital markets and stronger transaction…»

The commercial real estate debt market is not defined by a lack of capital. The bigger challenge is connecting each transaction with the right capital. That distinction was a recurring theme at the 2026 Western States CREF Conference, held September 9-ll at ARIA Resort & Casino in Las Vegas. Discussions focused on interest-rate strategy, agency lending, construction financing and the increasingly complex combinations of senior debt, bridge loans, mezzanine financing and…»

Blue Owl Capital acquired an 881,513 square-foot distribution warehouse in Tolleson for $85,273,973 on September 15, according to real estate database Vizzda. The property spans almost 85 acres and is located at the southwest corner of 99th Avenue and Van Buren Road. The facility was built in 1995 and currently operates as an Albertson’s distribution center. The seller, BrightSpire Capital, purchased the facility in 2018 for $83,021,252. MGC Pure Chemicals America acquired…»

After a surge of multifamily construction in the Valley coming out of the pandemic, demand remains strong as the backlog of new units are rented out. Cushman & Wakefield reports that during the first half of 2026, net absorption reached 12,741 units, calling it “the market’s strongest six-month span since at least 2000.” Helping to compress the vacancy rate is a slower pace of deliveries and new construction. Kidder Mathews notes that units under construction fell 35.45% year-over-year…»

A Valley developer is aiming to breathe new life into a project near Glendale’s entertainment district that has sat vacant and unfinished for nearly two decades. The project, now called the Capistrano, sits on about 7.5 acres near 91st Avenue and Zanjero Boulevard, south of the Desert Diamond Casino West Valley. It was proposed as senior housing and began construction but has been vacant since the housing crash in 2008, according to city documents. The existing three-story…»