Just hours before the National Flood Insurance Program was set to expire--again--the Senate approved a four-month extension that will keep the program alive through Nov. 30.
Wells Fargo Explores Sale of Real-Estate Broker Eastdil
Wall Street Journal, July 26, 2018--Craig Karmin, Dana Mattioli, Emily Glazer (subscription)
Zillow Makes Big Move into Rental Services
HousingWire, Aug. 1, 2018--Jeremiah Jensen
Private Equity CRE Activity Falls In Q2
GlobeSt.com, July 31, 2018--Erika Morphy
Young People Don't Want Construction Jobs. That's a Problem for the Housing Market
Wall Street Journal, July 31, 2018--Laura Kusisto (subscription)
The New Housing Play: Helping Priced-Out Renters Become Long-Distance Landlords
MarketWatch, July 30, 2018--Andrea Riquier
MBA Chart of the Week: Commercial/Multifamily Mortgages Intermediated to 'Non-Traditional' Lenders
The role of "non-traditional" lenders in commercial real estate finance increased significantly in 2017, but there is far more discussion about this than there is actual data.
Institutional-Quality CRE Returns Grow in 2Q
Institutional-quality commercial real estate returned 1.81 percent between April and June, up from 1.70 percent in early 2018, the National Council of Real Estate Investment Fiduciaries reported.
CMBS Delinquencies Could Decline Further
The commercial mortgage-backed securities delinquency rate is likely to fall further to finish 2018 between 2.25 percent and 2.75 percent, said Fitch Ratings, New York.
Manhattan, New Jersey Office Markets Show Strength
Manhattan's office market shook off its "sluggish" early 2018 with a strong second quarter, reported Transwestern, Houston.
Office Rents Jump in Tech Worker-Heavy Markets
Value remains a key driver when firms choose an office location, but companies are willing to pay premium rents to access the highest quality tech talent, reported CBRE, Los Angeles.
In Some Metros, Soaring Home Values Make Renting More Enticing
Nearly two-thirds of American adults own homes. But in some metro areas, renters may have an incentive to stay renters.
Fannie Mae, Washington, D.C., priced its seventh Multifamily Delegated Underwriting and Servicing real estate mortgage investment conduit in 2018 totaling $717.8 million under its Fannie Mae Guaranteed Multifamily Structures program on July 18.
JLL Appoints Taylor to Lead Healthcare Group
JLL, Chicago, named Richard Taylor head of its healthcare real estate practice.
Newmark Arranges $85M for Multifamily, Medical Offices
Newmark, San Francisco, arranged $85 million in financing for industrial and medical office space in California and Arizona.
MBA Education Multifamily Property Inspection Workshop in Washington, D.C. Sept. 12-13
MBA Education presents its popular Multifamily Property Inspection Workshop in Washington, D.C. September 12 and 13.
Commercial Loan Origination Sales Training Workshop in New York Sept. 18-19
MBA Education presents its popular Commercial Loan Origination Sales Training Workshop in New York Sept. 18 and 19.
CRE Basics: Intro To Commercial Loan Servicing Starts Sept. 20
MBA Education's popular CRE Basics: Underwriting Retail series starts September 20.
mPowering You Summit for Women in Real Estate Finance in D.C. Oct. 13
mPowering You, the Mortgage Bankers Association's Summit for Women in Real Estate Finance, takes place Saturday, Oct. 13 at the Walter E. Washington Convention Center in Washington, D.C., ahead of the MBA Annual Convention & Expo.