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Volume 16 | Issue 8 | Thursday, February 22, 2018

The Lede


Managing Change in CRE Finance

SAN DIEGO--Technology is disrupting commercial real estate finance--and most other industries--so business leaders need to manage change to navigate the shifting landscape.


Top National News

MBA Boosts Commercial/Multifamily Team with Pair of Hires

HousingWire, Feb. 19, 2018--Ben Lane
Sharon Walker joined the MBA in late January as the associate vice president of multifamily. Also joining the MBA is Andrew Foster, who will serve as director, commercial/multifamily.

Eight Takeaways from MBA's CREF/Multifamily Convention and Expo 2018, Day Two

National Real Estate Investor, Feb. 14, 2018--Elaine Misonzhnik
As the annual MBA's CREF/Multifamily convention got underway this week in San Diego, attendees expressed a healthy level of appetite for originating new loans and a desire to lend the same amount or more this year than they did in 2017.

JPMorgan Chase to Build Giant New Midtown NYC Headquarters

Wall Street Journal, Feb. 21, 2018--Keiko Morris, Cara Lombardo (subscription)
JPMorgan Chase & Co. plans to build a new 2.5 million square-foot headquarters at 270 Park Ave. in New York City, the first major project under a city rezoning plan designed to rejuvenate the building stock in one of its biggest job centers.

GSE Reform Isn't Dead, But it Isn't Going Anywhere, Either

National Mortgage News, Feb. 15, 2018--Ian McKendry (subscription)
Despite a legislative push by some senators and other stakeholders to jump-start housing finance reform, efforts to form consensus over a bill once again are stuck in neutral.

Wall Street Snaps Up Cheap Single-Family Rentals

Bloomberg, Feb. 16, 2018--Patrick Clark
As Wall Street's rental-home industry matures from its early days of frenzied homebuying after the foreclosure crisis, upstarts such as Promise are turning to cheaper houses that have largely been cast aside by big, established landlords.

Blackstone Mortgage Trust Grows Portfolio to Record $11B

The Real Deal (N.Y.), Feb. 14, 2018--Konrad Putzier
The mortgage real estate investment trust issued $1.2 billion in new loans in the fourth quarter and $4.8 billion over the entire year--up 37 percent from 2016.

S.F. Company's New Idea: Lease Homes to Potential Atlanta Buyers

Atlanta Journal-Constitution, Feb. 16, 2018--Michael E. Kanell
It's not a unique idea: leasing a home as a stepping stone to buying it. Still, for some people--who don't have a lot of savings yet--the idea might make sense, said economist Lynn Fisher of the Mortgage Bankers Association.

News and Trends

Life Company Lenders Look For Deals

SAN DIEGO--Last year was good for life insurance company lenders, but it wasn't always easy to meet goals, lenders said.

Capital Sources Converge on CRE

SAN DIEGO--The lines among different capital sources are becoming blurred as more and more money pursues commercial real estate, analysts said here at the MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo.

'Be Prepared For a Change'

SAN DIEGO--Make hay while the sun shines, but be prepared for a storm when clouds appear, said Mortgage Bankers Association Chairman Dave Motley, CMB.

MBA Chart of the Week: U.S. 10-Year Treasury Yields/Dow Jones Industrials

Over the past few weeks, markets reassessed prospects for inflation following a Bureau of Labor Statistics report that wages increased 2.9 percent in January on a year over year basis after a stagnant year of growth in the 2.5-2.6 percent range.

JLL: Stable Hotel Transaction Volumes, Growing Debt Fund Activity

The global lodging market's current cycle is positioned to carry on--2018 transaction volume should match last year's $28 billion level--said JLL, Chicago.

For Singles, 11 Years for a Down Payment

Saving for a down payment on the median U.S home takes six years longer for a single person than a couple, according to a new Zillow analysis--a factor that could discourage some from even trying.

Commercial/Multifamily Briefs

Freddie Mac, McLean, Va., named multifamily lenders who transacted the most financing volume with the company in 2017.

People in the News

Grandbridge Hires Fowler

Grandbridge Real Estate Capital hired James Fowler as senior vice president and production co-manager in its Newport Beach, Calif., loan origination team.

Dealmaker of the Week

NorthMarq Capital Arranges $135M

NorthMarq Capital, Minneapolis, arranged $135.3 million for retail, office and mixed-use assets in Washington, California and Missouri.

MBA News

MBA Commercial/Multifamily Servicing/Technology Conference in Miami May 20-23

The Mortgage Bankers Association's annual Commercial/Multifamily Servicing and Technology Conference takes place May 20-23 at the Intercontinental Miami.

MBA Commercial Loan Origination Sales Training Workshop in Chicago Mar. 29

MBA Education presents its Commercial Loan Origination Sales Training Workshop in Chicago Mar. 29.

MBA Expands C/MF Mortgage Banking Licensing Law Resource

The Mortgage Bankers Association updated and expanded its state-by-state compilation of commercial/multifamily mortgage state licensing requirements.

MBA Education Launches Commercial Insurance Webinar Series

MBA Education in collaboration with Insurance Advisors LLC and Fortress Risk Consultants LLC is offering 13 webinars over the next two years that will cover commercial insurance types, commercial insurance industry processes and commercial insurance compliance.

MBA Education Multifamily Property Inspection Workshop in Chicago July 11-12

MBA Education presents its popular Multifamily Property Inspection Workshop in Chicago July 11 and 12, 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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