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Volume 16 | Issue 2 | Thursday, January 11, 2018

The Lede


Reis: Stable Retail Sector Camouflages Changes

Retail sector vacancy rates held steady in the fourth quarter, reported Reis, New York.


Top National News

Malls May Be Dying, But Bets Against Their Debt Haven't Paid Off

Wall Street Journal, Jan. 9, 2018--Esther Fung (subsciption)
A rash of store closures and bankruptcies last year prompted some investors to bet against debt tied to the retail property sector. So far, at least, the bets haven't paid off.

Howard Lutnick's Real-Estate IPO Flops as Newmark Misses the Mark

Wall Street Journal, Jan. 9, 2018--Peter Grant (subscription)
The stock market has been hitting records lately, but you would never know that from the flop of the initial public offering of Howard Lutnick's commercial real estate services firm Newmark Group last month.

Investment Sales Took a Nose Dive before the End of the Year

National Real Estate Investor, Jan. 4, 2018--Mary Diduch
Heading into 2018, there may be some bright spots for the investment sales market, even as total transactions dipped last year.

A List of Cities' Outrageous Amazon HQ Bids

Connect Media, Jan. 5, 2018--Daniella Soloway
In September, Amazon announced its plans to build a second headquarters in a to-be-determined city. While some online gambling sites are betting on Atlanta or Austin as the chosen one, here is a brief look at some of the mind-blowing proposals that Amazon received from others.

Commercial and Multifamily Originators Anticipate a Vibrant 2018

National Mortgage Professional Magazine, Jan. 4, 2018--Phil Hall
Originators in the commercial and multifamily mortgage space are looking ahead into the next 12 months with expectations for another strong year, according to the Mortgage Bankers Association's 2018 CREF Outlook Survey.

Another Retail Bankruptcy Wave Is on the Way, Credit Suisse Says

Bloomberg, Jan. 4, 2018--Claire Boston
A wave of store closings and retailer bankruptcies is coming in early 2018, as the industry deteriorates faster than analysts had expected a year ago, according to Credit Suisse Group AG.

News and Trends

MBA 3Q Commercial/Multifamily DataBook Reports 'Strong, Steady' Markets

Commercial real estate and finance markets were strong and steady during the third quarter, the Mortgage Bankers Association said.

Late-Cycle Real Estate Investment Opportunities for Savvy Investors

Savvy investors can still find opportunities in real estate--including commercial real estate debt, logistics and alternative assets--reported TH Real Estate, New York.

2017 Closes with 'Moderate' Apartment Rent Growth

Apartment rents climbed at a "moderate" 2.5 percent pace in 2017, reported RealPage, Dallas.

Single-Family Rental Market Continues to Stabilize

Morningstar Credit Ratings, New York, said lease expirations across single-borrower, single-family rental securitizations declined to 5.2% in November while the average retention rate of expiring leases improved to 79.3%.

London Edges Out New York as Top City for Foreign Real Estate Investment

New York slipped from its perch as the number one global city for foreign investors--displaced by London--reported the Association of Foreign Real Estate Investors, Washington, D.C.

Commercial/Multifamily Briefs

Real estate and investment management firm Colony NorthStar sold The Townsend Group, Cleveland, to professional services firm Aon for $475 million.

People in the News

Love Funding Hires Larisma

Love Funding, Washington, D.C., hired Lawrence Larisma as a director of loan originations.

Dealmaker of the Week

Dealmaker: Cushman & Wakefield Secures $59M for New Jersey Office Asset

Cushman & Wakefield, New York, arranged $58.8 million in purchase financing for Morris Corporate Center III in Parsippany, N.J.

MBA News

Deadline Extended to Jan. 17: MBA C/MF Diversity and Inclusion Leadership Awards

The Mortgage Bankers Association extended the deadline to apply--or nominate an MBA member--for the Commercial/Multifamily Diversity and Inclusion Leadership Awards. The new deadline is January 17.

MBA Education Excel for Commercial Real Estate Professionals Webinar Jan. 17

The MBA Education Excel for Commercial Real Estate Finance Professionals webinar will explore how to create a useful and powerful spreadsheet when analyzing commercial real estate.

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.

Nominations for MBA Insights 2018 Tech All-Star Awards Deadline Jan. 19

The Mortgage Bankers Association and MBA Insights are accepting nominations for the MBA Insights 2018 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 19.  

CREF18 in San Diego Feb. 11-14

The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2018 returns to San Diego Feb. 11-14.

MBA Education Multifamily Property Inspection Workshop in Atlanta, Mar. 21-22

MBA Education presents its popular Multifamily Property Inspection Workshop in Atlanta March 21 and 22, 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.

About MBA Newslink

President and CEO: David H. Stevens, 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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