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Volume 16 | Issue 9 | Thursday, March 01, 2018

The Lede

 

Commercial, Multifamily Construction Starts Down in 2017

Many metro areas reported reduced commercial and multifamily construction starts in 2017 compared to 2016, said Dodge Data & Analytics, New York.

 

Top National News

 
Institutional Investors Were Prepared for Market Volatility

PlanSponsor magazine, Feb. 26, 2018--Lee Barney
While the market volatility may be surprising to some, institutional investors have been diligently diversifying their portfolios in anticipation of its return, Natixis Investment Managers found in a survey of 500 institutional investors around the world.

In Supply-Starved Home Market, Can Wall Street Landlords Help?

Bloomberg, Feb. 28, 2018--Patrick Clark
Wall Street landlords own thousands of single-family homes in the U.S. Buyers are struggling to find houses they can afford in inventory-starved markets. Can they make a match?

First Quarter Expected to be a Slow One for Investment Sales

National Real Estate Iinvestor, Feb. 26, 2018--Mary Dudich
In January, investment sales volume dropped 3 percent year-over-year, with all sectors except for industrial seeing declines, Real Capital Analytics said.

The Federal Reserve Thinks Stocks and Commercial Real Estate Prices are Getting Too Rich

CNBC, Feb. 23, 2018--Tae Kim
The Federal Reserve released its Monetary Policy Report to Congress on Friday. "Valuation pressures continue to be elevated across a range of asset classes including equities and commercial real estate," the report said.

2018 to Be Another Good Year for Borrowers

Commercial Property Executive, Feb. 22, 2018--Jay Maddox
Despite concerns about the potential impact of rising interest rates and a jittery stock market, the good news is that CRE lenders have abundant capital allocations and aggressive origination targets for 2018.

Rising Rates Aren't All Bad News for Mortgage-Backed Investors

Bloomberg, Feb. 27, 2018--Christopher Maloney
While rising rates may cause duration extension headaches for mortgage-backed security investors, premium coupons' relative performance may be helped by slowing prepayment speeds.

News and Trends

 
MBA Urges HUD to Take Opportunities on Manufactured Housing

The Mortgage Bankers Association, in a Feb. 26 letter to HUD, said manufactured housing offers the agency with opportunities to help meet the nation's affordable housing needs and urged it to take a more flexible regulatory approach.

CREF Highlights

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

Deborah Dubois Appointed President of MBA Opens Doors Foundation

The Mortgage Bankers Association appointed Deborah Dubois as President of the MBA Opens Doors Foundation.

Analysis: CRE Reaches 'Late Stable' Stage

The commercial real estate market has reached a "late stable" stage with some "moderate" signs of distress, reported RCLCO, Los Angeles.

Small-Cap CRE Leasing Activity Rebounds

Small-cap commercial real estate leasing activity rebounded "smartly" during the fourth quarter, though overall demand for the year came up short compared with 2016, reported Boxwood Means, Stamford, Conn.

Manhattan Transaction Volume Falls

Investment property sales dollar volume in core Manhattan fell 41 percent year-over-year to $23 billion in 2017--the lowest since 2010--reported Eastern Consolidated, New York.

Leading Indicators Suggest ‘Robust' Growth through 1st Half of Year

The Conference Board, New York, said its Leading Economic Index increased by 1 percent in January, suggesting strong economic growth should continue through the first half of 2018.

People in the News

 
Draper and Kramer Hires Puzon

Draper and Kramer, Chicago, hired Blas Puzon as senior vice president.

Dealmaker of the Week

 
Transwestern Closes $35M in Mixed-Use, Office Sales

Transwestern, Houston, closed $34.5 million in sales for mixed-use and office assets in Colorado and California.

MBA News

 
Tax Reform: The Impact on Commercial/Multifamily Lending Webinar Mar. 8

Join MBA Education and a panel of industry experts for a timely discussion on tax reform and the impact on commercial/multifamily real estate finance on March 8 from 2:00 to 3:30 PM ET.

CREF Market Intelligence Symposium July 11-12 in New York

The Mortgage Bankers Association CREF Market Intelligence Symposium cuts through the clutter to provide hard facts about the state of commercial real estate markets--what we do and don't know.

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 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 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 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.