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Volume 16 | Issue 6 | Thursday, February 08, 2018

The Lede

 

'Cautiously Optimistic' CRE Outlook Warns Cycle End is Near

After years of growth, the outlook for commercial real estate is ‘cautiously optimistic,' but the cycle's end approaches, reported commercial real estate valuation services firm Integra Realty Resources, Denver.

 

Top National News

 
After Tax Overhaul, Manhattan Real-Estate Sales Seize Up

Wall Street Journal, Feb. 7, 2018--Josh Barbanel (subscription)
The tax overhaul and its elimination of some tax advantages of owning property have settled like a cloud over the Manhattan real-estate market.

Bon-Ton is the Latest Retailer to Go Bust

CNBC, Feb 5, 2018--Lauren Thomas
Department store chain Bon-Ton filed Chapter 11 bankruptcy protection and will explore strategic alternatives including a sale of the company. The retailer is in the midst of closing more than 40 stores across the U.S.

The 10 Key Issues Ahead for Capital Markets in 2018

National Real Estate Investor, Jan 26, 2018--Beth Mattson-Teig
NREI spoke to capital markets experts on what they expect to be the biggest issues facing the commercial real estate industry in 2018.

Yellen Says Prices 'High' for Stocks, Commercial Real Estate

Bloomberg, Feb. 4, 2018--Ros Krasny, Scott Lanman
Outgoing Federal Reserve Chair Janet Yellen said U.S. stocks and commercial real estate prices are elevated but stopped short of saying those markets are in a bubble.

Demand Remains Steady for Single-Family Rentals

National Real Estate Investor, Feb. 5, 2018--Bendix Anderson
Occupancy rates for single-family rental houses are remaining largely flat. A strong economy is driving demand, but rents are not growing as quickly as they used to.

News and Trends

 
MBA Chart of the Week: CMBS Annual Issuance Volume

This week's chart shows annual private-label commercial mortgage-backed securities issuance volumes over the past 12 years, where CMBS AAA spreads to swaps are averaged for the year.

CRE Executives Favor Industrial Sector

If given $1 billion today, most commercial real estate executives would invest it in the industrial sector, reported Altus Group Limited, Toronto.

CRE Tops Alternative Investments

Commercial real estate remains more appealing than many alternative investments including stocks, bonds and cash--largely due to CRE's relatively stable income component--reported Situs RERC, Houston.

Cap Rates Increase For Big-Box Stores

Single-tenant net lease big box store cap rates increased 25 basis points last year to 6.75 percent, reported Boulder Group, Northbrook, Ill.

Market for Data Center Growth Likely to Continue

The market for data centers--a growing industrial real estate subsector--is well positioned for continued growth, said JLL, Chicago.

People in the News

 
Alicea Joins Greystone

Greystone, New York, hired Anthony Alicea as Head of Production for its Portfolio Lending Group.

Dealmaker of the Week

 
Dealmaker: HFF Secures $70M for Hotel, Office Assets

HFF, Houston, arranged $70 million for three Los Angeles and Seattle hotel and office properties.

MBA News

 
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.

MBA National Advocacy Conference Apr. 24-25

The Mortgage Bankers Association's annual National Advocacy Conference takes place Apr. 24-25 at the Capital Hilton in Washington, D.C.

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.

About MBA Newslink

President and CEO: David H. Stevens, 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.