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Volume 15 | Issue 46 | Thursday, November 09, 2017

The Lede


MBA: Commercial/Multifamily Borrowing Up 8% from 2Q, 21% from Year Ago

Third quarter commercial and multifamily mortgage loan originations increased by 21 percent from a year ago and by 8 percent from the second quarter, the Mortgage Bankers Association reported this morning.


Top National News

Legislation to Clarify Regulation in Commercial Real Estate Lending Approved in U.S. House

Charlotte (N.C.) Business Journal, Nov. 8, 2017--Ashley Fahey
A bipartisan effort to introduce clarifications on commercial real estate lending was approved by the U.S. House of Representatives on Tuesday.

Millennial Home Buyers Send a Chill Through Rental Markets

Wall Street Journal, Nov. 7, 2017--Peter Grant, Laura Kusisto
Rising homeownership is adding to the jitters in the residential rental market, which has slumped recently after a long stretch near the top of the commercial real estate industry.

GOP Tax Plan Carries Benefits for the CRE Industry, with the Exception of Affordable Housing

National Real Estate Investor, Nov. 7, 2017--Mary Diduch
The tax reform legislation--which still must work its way through Congress and could change--maintains many existing provisions that benefit the commercial real estate industry.

As the Market for Office Assets Cools Down, Suburban Buildings Outperform CBD Properties

National Real Estate Investor, Nov. 3, 2017--Patricia Kirk
Investment sales in the office sector continued to decline in the third quarter, Real Capital Analytics reported.

Commercial Real Estate, Which Fueled Trump's Fortune, Fares Well in Tax Plan

New York Times, Nov. 3, 2017--Alan Rappeport
An industry familiar to President Trump appears to have emerged from the Republican tax rewrite relatively unscathed: commercial real estate.

CRE Economists Say New Fed Chair Nominee Not Likely to Rattle the Market

National Real Estate Investor, Nov. 6, 2017--Mary Diduch
President Donald Trump last Thursday nominated Federal Reserve governor Jerome Powell as the central bank's new chairman. Real estate economists do not expect Powell to force dramatic changes in monetary policy.

News and Trends

House Passes MBA-Supported Bill Clarifying Commercial Real Estate Loans Act

The House, by voice vote Tuesday, passed H.R. 2148, the Clarifying Commercial Real Estate Loans Act, which had strong support from the Mortgage Bankers Association.

MBA Letter Cites Concerns over Proposed Tax Bill

The Mortgage Bankers Association, in a letter to the House Ways and Means Committee, expressed concerns that key provisions of tax reform legislation could substantially affect the ability of homeowners and the overall economy to benefit.

CREF Highlights

Commercial and multifamily developments and activities relevant to your business and our industry.

JLL: Opportunity in 'Downstream' Energy-Sector Markets

"Downstream" energy markets such as Pittsburgh and Denver are primed for growth even as extraction-heavy markets struggle, reported JLL, Chicago.

Retail Sector Growth Slows To 'Low-Water Mark'

The retail sector's long-term forecast has reached a "low-water mark" for the current cycle, said Ten-X, Irvine, Calif.

CMBS Supply/Demand Stable; Delinquency Rate Drops

Commercial property market supply and demand fundamentals remained relatively stable in the second quarter, reported Moody's Investors Service, New York.

CBRE Lending Momentum Index Slips in Q3, Up Year-Over-Year

Commercial real estate lending markets fell in the third quarter amid rising equity prices, limited volatility and tightening spreads, reported CBRE, Los Angeles.

Commercial/Multifamily Briefs

CBRE Group, Los Angeles, completed its previously announced acquisition of Heery International Inc., Atlanta, the project management and design engineering business of Balfour Beatty LLC.

People in the News

HFF Hires Gilson as Director in Pacific Northwest

Holliday Fenoglio Fowler hired Scott Gilson as a director. He will focus on debt and equity placement for Pacific Northwest multifamily properties.

Dealmaker of the Week

Meridian Capital Group Secures $63M for Mixed-Use, Retail Assets

Meridian Capital Group, New York, arranged $62.5 million for mixed-use and retail assets in New Jersey and Florida.

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 Accounting/Financial Management Conference Nov. 13-15

The Mortgage Bankers Association's Accounting/Financial Management Conference 2017 takes place Nov. 13-15 at the Grand Hyatt San Antonio.

Taking Applications Until Nov. 20: MBA Education C/MF Future Leaders

MBA Education is taking applications for its Commercial/Multifamily Future Leaders Program, an executive leadership development program that delivers a comprehensive curriculum for selected managers who have shown leadership abilities.

MBA Summit on Diversity and Inclusion Dec. 4-5

The Mortgage Bankers Association's annual Summit on Diversity & Inclusion takes place Dec. 4-5 at the Capital Hilton in Washington, D.C.

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.

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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