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Volume 15 | Issue 51 | Thursday, December 21, 2017

The Lede


Potential 'Turning Point' for Rental Housing?

A decade of "unprecedented" growth in the rental housing sector may be approaching an end, the Harvard Joint Center for Housing Studies reported.


Top National News

Note to Readers

Offices of the Mortgage Bankers Association will be closed Dec. 22-Jan. 2 for the holidays. MBA Commercial/Multifamily NewsLink will not publish on Thursday, Dec. 28 but will resume publishing on Thursday, Jan. 4.

On behalf of MBA officers and staff, have a safe and happy holiday.

Tax Bill a Boom to Commercial Real Estate Owners

Wall Street Journal, Dec. 17, 2017--Keiko Morris (subbscription)
The final Republican tax bill coming up for a vote this week promises to hit some high-income New York area taxpayers hard. But commercial real estate owners have reason to cheer.

Grocery-Anchored Shopping Centers Begin to Experience Retail Headwinds

National Real Estate Investor, Dec. 15, 2017--Mary Diduch
It appears the retail sector is evolving into a case of the "haves" and "have nots."

Fannie-Freddie Talks Focus on Finding Rivals for Mortgage Giants

Bloomberg, Dec. 15, 2017--Joe Light
A plan being developed by Republican Bob Corker of Tennessee and Democrat Mark Warner of Virginia would lower barriers to entry by removing some advantages Fannie and Freddie now possess. "If you want to eliminate too-big-to-fail, you need to have enough guarantors that you'd really let one fail in the event of a downturn," said Mortgage Bankers Association President David Stevens.

Bankrupt Toys ‘R' Us Weighs Closing at Least 100 Stores

Bloomberg, Dec. 18, 2017--Lauren Coleman-Lochner, Matthew Townsend
Toys "R" Us Inc., which filed for bankruptcy in September, is considering closing at least 100 U.S. stores in the face of weak holiday sales.

News and Trends

Fannie Mae, Freddie Mac Publish 'Duty to Serve' Plans

The Federal Housing Finance Agency yesterday published Duty to Serve program market plans for Fannie Mae and Freddie Mac for the next two years.

Agility Important For Commercial Real Estate Investors, Occupiers In 2018

CBRE, Los Angeles, says the best strategy for commercial real estate investors and occupiers in 2018 comes down to one word: "agility."

Mortgage Rates, Net Operating Income Drive Apartment Market Increases

Multifamily investing conditions grew "modestly stronger" in the third quarter, reported Freddie Mac, McLean, Va.

CBRE: Hotel Sector Performance Appears 'Sustainable' Through 2019

The U.S. lodging industry could see continued record occupancy through 2019, predicted CBRE Hotels, Atlanta.

Fed Rate Hike Cites Strong Labor Conditions, Inflation

Following its policy meeting yesterday, the Federal Open Market Committee announced it raised the federal funds rate a quarter-point to 1-1/4 to 1-1/2 percent. In its statement, the FOMC noted the labor department "continued to strengthen" and economic activity "has been rising at a solid rate."

CMBS 2.0 Special Servicing, Defaults Volume Remains Low

Special servicing volume and loan defaults remain low for commercial mortgage-backed securities loans disbursed after 2010.

People in the News

Golub Named Square Mile Capital COO

Square Mile Capital Management, New York, appointed Laurie Golub Chief Operating Officer effective January 8.

Dealmaker of the Week

NorthMarq Capital Secures $68M for Multifamily Assets

NorthMarq Capital, Minneapolis, secured $67.5 million for multifamily communities in Dublin, Calif. and Lakeland, Fla.

MBA News

CREF18 in San Diego Feb. 11-14

The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2018 returns to San Diego Feb. 11-14.

MBA Education Multifamily Property Inspection Workshop in Atlanta, Mar. 21-22

MBA Education presents its popular Multifamily Property Inspection Workshop in Atlanta March 21 and 22, 2018.

MBA Education Webinar: Excel for Commercial Real Estate Professionals, Jan. 17

The MBA Education Excel for Commercial Real Estate Finance Professionals webinar will explore how to create a useful and powerful spreadsheet when analyzing commercial real estate.

MBA C/MF Diversity and Inclusion Leadership Awards: Application Deadline Jan. 10

The Mortgage Bankers Association is accepting applications until Jan. 10 for the second annual Commercial/Multifamily Diversity and Inclusion Leadership Awards.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan 202/557-2855 

Editorial Director: Michael Tucker 202/557-2851 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856

Advertising Opportunities: Bill Farmakis 203/834-8832

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