08.02.2023
City of Albuquerque partners with national software provider to improve permitting system
The City of Albuquerque has teamed up with Tyler Technologies Inc. (NYSE: TYL) to improve the city’s permitting process. The City’s planning department hopes to accelerate Albuquerque’s growth with an online system where developers and citizens can…
Read More08.02.2023
Banks Expect to Tighten Standards for CRE Loans Even More
A new Federal Reserve report noted that banks continue to get nervous overall and in particular about commercial real estate. “Regarding loans to businesses, survey respondents reported, on balance, tighter standards and weaker demand for…
Read More07.27.2023
Report: U.S. Commercial Real Estate Faces Mounting Stress as Delinquency Rates Surge
The U.S. commercial real estate sector is grappling with ongoing challenges as the post-pandemic environment reshapes traditional business models. According to a recent report by credit rating agency KBRA and Reuters, the delinquency rate for…
Read More07.27.2023
Commercial real estate hit hard by Fed’s rate hike campaign
The Fed’s rate hike campaign – including its latest increase of 25 basis points on Wednesday as it fights inflation – has led to a rising number of defaults in multifamily loans and endangers the…
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