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In retrospect, Freddie Mac's decision to choose an industry veteran like Martinez — he has been with the agency for over thirty years — proved prescient.
"A standoff with tenants could result in tenant default and eviction, or it could lead to more constructive negotiations between tenant, owner and lender," according to NAOIP.
Banks were the source of more than 70% of loan originations in the second quarter, a lending share that has more than doubled from recent averages. Much of that growth was driven by regional banks, according to the CBRE report.
One of those properties now underway is the Reserves at San Marcos, which will feature 376 units, 298 of which will be reserved for tenants earning up to 60% of the area median income.
A Hub and Spoke model is just one short-term tactic being explored by global tech employers seeking to adapt in new and innovative ways to confront changing workplace dynamics.