Multifamily lending rose by 8 percent year over year in 2016, with nearly 3,000 different multifamily lenders providing a record $269.2 billion in new mortgages for apartment buildings with five or more units, the Mortgage Bankers Association reported this morning.
MBA to Congress: We're Ready and Open to Working on Tax Reform
HousingWire, Oct. 17, 2017--Brena Swanson
MBA Behind 1031 Exchanges in Tax Reform
RESPA News, Oct. 16, 2017
The Ten Zip Codes With the Most Valuable Land in the U.S.
Bloomberg, Oct. 17, 2017--Patrick Clark
How Some Malls Manage to Stay Alive Years After Losing Their Mojo
Wall Street Journal, Oct. 17, 2017--Esther Fung (subscription)
What Sets Seattle's Apartment Market Apart from the Rest of the Country?
National Real Estate Investor, Oct. 17, 2017--Bendix Anderson
Global Investors Pour Billions Into Hudson Yards in Major Bull Market Bet
Wall Street Journal, Oct. 17, 2017--Peter Grant (subscription)
Kushners' Control of Family's NYC Crown Jewel Is Now in Jeopardy
Bloomberg, Oct. 16, 2017--David Kocieniewski, Caleb Melby
Commercial Mortgages: Healthy Market is Producing Loans at a Pace Not Seen in Three Years
Richmond (Va.) Times-Dispatch, Oct. 16, 2017--Andrew Little
What Is the True Number of Store Closings for 2017?
National Real Estate Investor, Oct. 13, 2017--Donna Mitchell
MBA Urges 'Holistic' Approach to Tax Reform
Citing a "once in a generation opportunity," the Mortgage Bankers Association sent a letter this week to key policymakers on Capitol Hill and the Trump Administration, outlining ideas for comprehensive tax reform.
'Moderate' Economic, CRE Growth Forecast Through 2019
The U.S. economy and commercial real estate should both experience "moderate" growth through 2019, said the Urban Land Institute, Washington. D.C.
JLL: Foreign CRE Investment Remains Strong
U.S. commercial real estate remains popular among offshore investors, attracting nearly $20 billion in first-half 2017, said JLL, Chicago.
Strong New Issuance Offsets CMBS Delinquencies
Strong new issuance volume led to a decline in the U.S. commercial mortgage-backed securities delinquency rate last month, reported Fitch Ratings, New York.
Steady Rise in Small Balance Lending
Small balance multifamily lending--including acquisition and refinancing loans with original balances between $1 million and $5 million--is rising steadily and could set a record in 2017, said Chandan Economics and Arbor.
Office Vacancy Rate Declines Slightly, Led by Suburbs
Vacant office space declined by 10 basis points during the third quarter to 12.9 percent, reported CBRE, Los Angeles.
Strong Tech Sector, Robust Construction Pipeline Influence Office Fundamentals
A strong tech sector and a "robust" construction pipeline influenced U.S. office fundamentals during the third quarter, said Cushman & Wakefield, New York.
Renting vs. Buying: The Roommate Factor
Trulia, San Francisco, notes it's a better deal to buy than rent in America's largest housing markets--and for much of that time it hasn't been close. But does the equation change for renters who share their rent with a roommate? The answer: it depends a lot on where you live.
Investment banking firm John B. Levy & Co., Richmond, Va., released a new version of its Giliberto-Levy Commercial Mortgage Performance Index.
Boatwright, Goldstein and Yavinsky Join Avison Young
Avison Young hired commercial real estate finance specialists Wesley Boatwright, Jonathan Goldstein and Michael Yavinsky in its Washington, D.C. office.
Hunt Mortgage Group Provides $30M for Multifamily Assets
Hunt Mortgage Group, New York, provided Fannie Mae and Freddie Mac loans totaling $29.6 million for six Florida multifamily properties.
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.
Enrollment Deadline Approaching: FHA Multifamily Underwriter Training
The MBA Education FHA Multifamily Underwriting Training Program--the most extensive and rigorous curriculum of its kind in the industry--starts Jan. 8. Open enrollment ends Oct. 31.
Now Taking Applications: MBA Education Commercial/Multifamily Future Leaders Program
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 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 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.