The Federal Reserve's plans to ‘normalize' monetary policy following nearly a decade of easing--and the resulting rising cost of capital--could weigh on commercial real estate investor activity, said Marcus & Millichap, Calabasas, Calif.
Empowering Women in Real Estate Finance
Mortgage Women Magazine, September 2017--Marcia Davies
Unusually Large Loans Mask Decline In NYC Commercial Real Estate Lending
Forbes, Sept. 20, 2017--Ely Razin
Deutsche Bank Was The Top Dog Among NYC Lenders in Q2
The Real Deal New York, Sept. 19, 2017--Konrad Putzier
Toys 'R' Us Shows Real Estate Can't Save Retailers
Bloomberg, Sept. 19, 2017--Lisa Abramowicz
The Fed, a Decade After the Crisis, Is About to Embark on the Great Unwinding
Wall Street Journal, Sept. 18, 2017--Nick Timiraos (subscription)
Federal Reserve Expected to Hold US Interest Rates Steady
Voice of America, Sept. 18, 2017--Jim Randle
Equifax Hack: The Real Estate Industry Is Just As Vulnerable
Forbes, Sept. 15, 2017--Lara O'Keefe
Treasury Secretary Mnuchin: Fannie, Freddie Reform a 2018 Issue
HousingWire, Sept. 15, 2017--Kelsey Ramirez
U.S. Retail Sales Fall After Weaker Results in Prior Months
Bloomberg, Sept. 15, 2017--Sho Chandra
San Francisco Edges Out Washington to Become the Highest-Income Big U.S. Metro Area
Wall Street Journal, Sept. 14, 2017--Ben Leubsdorf, Paul Overberg (subscription)
Irma-Related Damage Could Affect Billions of Dollars in CMBS
National Mortgage News, Sept. 14, 2017--Elina Tarkazikis (subscription)
Manhattan's Eager Renters Can't Make a Dent in Apartment Supply
Bloomberg, Sept. 14, 2017--Oshrat Carmiel
MBA Chart of the Week: Commercial/Multifamily Property Sales, Mortgage Bankers Originations and Non-Bank Maturities ($ Millions)
Traditionally, commercial/multifamily mortgage bankers originations have tracked very closely with property sales volumes, with 2016 recording $490 billion of originations and $496 billion of property sales. That relationship broke down in the first half of 2017.
Expectations for Institutional Returns Slip
Institutional investors expect commercial real estate returns to slip over the next year, the Pension Real Estate Association's Consensus Forecast survey said.
Hotel Sector Pipeline Increases
There are currently nearly 600,000 hotel rooms under contract to be built in the United States--up 8.8 percent compared to a year ago--reported STR, Hendersonville, Tenn.
CMBS Issuance, Spreads Increase
Private-label commercial mortgage-backed securities issuance volume remained strong through August with $9.9 billion priced, reported Kroll Bond Rating Agency, New York.
Situs RERC: Opportunities in Dallas, Seattle, San Francisco
Dallas, Seattle and San Francisco offer commercial real estate investors the best opportunities among large markets from a relative value vs. price perspective, reported Situs RERC, Houston.
Senate Confirms Patenaude as HUD Deputy Secretary
The Senate yesterday confirmed President Trump's nomination of Pamela Patenaude to serve as Deputy Secretary of HUD.
Fannie Mae, Washington, D.C., priced its ninth Multifamily Delegated Underwriting and Servicing Real Estate Mortgage Investment Conduit of 2017 under its Fannie Mae Guaranteed Multifamily Structures program on September 14. It totaled $772.5 million.
Grandbridge Names White to Lead BB&T Real Estate Finance
Grandbridge Real Estate Capital, Charlotte, named Gordon White III program director of BB&T Real Estate Funding, its on-balance-sheet debt-origination platform.
Dealmaker: Savanna Secures $100M in Construction Financing
Savanna, New York, secured $100 million in construction financing for 106 West 56th Street in Manhattan, a 26-story Class A office building scheduled for 2019 delivery.
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 Dallas Nov. 8-9
MBA Education presents its popular Multifamily Property Inspection Workshop in Dallas November 8 and 9.
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.
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.
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.