The roads are mostly mapped for TuSimple to drive autonomously in Texas. Now it is up to commercial property developers to get ready for driverless trucks to come and go from warehouses.

Hillwood Investment Properties, one of the largest commercial real estate developers in the country, is taking suggestions from TuSimple Holdings (NASDAQ: TSP) on how to incorporate the needs of autonomous trucks into current and future facilities.

“If you develop a warehouse that has the right setup, like a separate entrance for autonomy, an area where you can put a launching pad and a landing pad for autonomous trucks, this is where the design of these warehouses are to be TuSimple Autonomous Freight Network-enabled,” TuSimple CEO Cheng Lu told FreightWaves. Click to read more at www.freightwaves.com.

Multifamily investors are bracing for an uptick in mortgage rates and other forms of real estate finance as the Federal Reserve bumps up interest rates in 2022. As an inflation-fighting move, the Fed plans three hikes of 25 basis points each. And in December, the Fed announced that it would wind down its bond-buying program by March.

But the consensus among mortgage bankers and economists is that increases in the cost of capital will be modest and will not dampen the availability of financing or the surge of investment. Multifamily lending volume will rise 3 percent to $421 billion this year as the economy continues to rebound, the Mortgage Bankers Association projects.

“The change in interest rates is not expected to reduce demand for multifamily housing this year. A lot of demand is driven by property values and fundamentals, both of which are extremely strong right now,” said Jamie Woodwell, MBA’s vice president of commercial real estate research. Strong property income and low vacancy are combining to push valuations upward, he added. Click to read more at www.multihousingnews.com.