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Volume 16 | Issue 49 | Thursday, December 13, 2018

The Lede

 

MBA: Commercial/Multifamily Mortgage Debt Reaches New High

Commercial/multifamily mortgage debt outstanding rose 1.4 percent to new record-high $45.4 billion in the third quarter, the Mortgage Bankers Association reported today.

 

Top National News

 
A Deep Dive On The Economy

Real Crowd Podcast, Dec. 12, 2018--Tyler Stewart
Mortgage Bankers Association Vice President of Research and Economics Jamie Woodwell joined the RealCrowd podcast to discuss the current state of the economy and what to look for as we head into 2019.

MBA: Commercial, Multifamily Mortgage Delinquencies Remain Historically Low

HousingWire, Dec. 7, 2018--Ben Lane
Delinquency rates on commercial and multifamily mortgages stayed nearly historic lows during the third quarter, the Mortgage Bankers Association reported this week.

Signs of Trouble Loom in Commercial Real Estate Loans

Business Observer, Dec. 7, 2018
Banks nationwide, by a big margin in some cases, are slowing down commercial real estate lending in most property categories.

NFIP Extended to Dec. 21

National Mortgage Professional, Dec. 6, 2018--Phil Hall
The National Flood Insurance Program was extended through Dec. 21 as part of Congress' two-week extension for the federal government's funding deadline.

Roadblocks Could Derail EB-5 Investment Capital

National Real Estate Investor, Dec. 6, 2018--Beth Mattson-Teig
The EB-5 Immigrant Investor program continues to limp along, but challenges that include lack of reforms, short-term extensions and a backlog of investors waiting for visas are causing some to question the future of the program.

News and Trends

 
MBA Chart of the Week: CMBS/Bank Delinquencies

In the commercial and multifamily mortgage markets, different capital sources track delinquency rates in different ways, and for a host of good reasons. Many capital sources, including banks, calculate delinquencies up to the point where an economic loss is recorded.

CREF Highlights

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

Wells Fargo: Economic Growth Likely to Bolster CRE

Current favorable economic conditions should extend through 2019, supporting commercial real estate next year even as the cycle reaches its 10th year, said Wells Fargo Securities, Charlotte, N.C.

'Seasonality' in the Multifamily Market

Apartment rents increased 0.1 percent between October and November, the second straight monthly increase after a slight dip in September, reported Apartment List, San Francisco.

Autonomous Vehicles Could Reshape Office Market--Soon

Autonomous vehicles could fundamentally reshape the U.S. office market within 15 years, commercial real estate analysts say.

CRE Annual Price Growth Slows in October

Annual growth in U.S. commercial property prices fell in October to the slowest pace seen this year, reported Real Capital Analytics, New York.

Commercial/Multifamily Briefs

Ares Management Corp., Los Angeles, closed Ares U.S. Real Estate Fund IX, which primarily targets investments in multifamily, industrial and office properties, at $1.04 billion.

People in the News

 
Andel, Collins to Leaders CBRE 360

CBRE, Los Angeles, named Alex Andel and Georgia Collins co-leaders of CBRE 360, the company's workplace experience service for real estate investors and occupiers.

Dealmaker of the Week

 
Hackman Capital Partners to Buy CBS Television City for $750M

Hackman Capital Partners, Los Angeles, agreed to purchase the CBS Television City studio and production facility in Los Angeles from CBS Corp., New York, for $750 million.

MBA News

 
De-mystifying Debt Funds Webinar Jan. 30

One of the more interesting trends this real estate cycle has been the growth of debt funds. In this 90-minute webinar, speakers discuss characteristics of debt funds, their growth in commercial real estate finance and implications for the wider commercial real estate finance ecosystem.

CREF19 in San Diego Feb. 10-13

The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2019 returns to San Diego Feb. 10-13.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem jmechem@mba.org

Editor: Mike Sorohan 202/557-2855 msorohan@mba.org 

Editorial Director: Michael Tucker 202/557-2851 mtucker@mba.org 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856 lhall@mba.org

Advertising Opportunities: Bill Farmakis 203/834-8832 bill@jlfarmakis.com

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One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at mba.org.