Commercial Real Estate & Business News – February 18, 2022

Commercial and multifamily mortgage loan originations hit a record high last year at $900 billion and may not be done climbing, according to the Mortgage Bankers Association’s quarterly survey released this week. Even while the capital markets are widely anticipating…»
Freddie Mac and Fannie Mae will continue to be major backers of permanent loans to apartment properties in 2022—including luxury properties. But as multifamily investors continue to break records on prices, volumes and cap rates the two…»
Big Surf Waterpark, home to what is believed to be the country’s first wave pool, appears to be up for sale.As reported by Phoenix New Times, the 20-acre property in Tempe is on the market and its owners are selling the park’s equipment in a…»
JLB Partners sold its newly built luxury apartment community in Scottsdale for a record price in Arizona at a time when the Dallas-based developer has plans to build even more luxury units here. Called the Roadrunner on McDowell, the 356-unit luxury apartment…»
Home buyers face another challenging shopping season to navigate, as Zillow’s latest monthly report reveals record-breaking low inventory and unprecedented price growth, including Phoenix, which saw home values skyrocket 30.7% over the past year…»