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Volume 16 | Issue 46 | Thursday, November 15, 2018

The Lede

 

Ripple Effects from Amazon's HQ2 Decision

Amazon's decision to select New York City and Arlington, Va. for its new headquarters properties will affect more than just those areas' office sectors, analysts say.

 

Top National News

 
Multifamily Lending on Track to Break Records Again in 2018

HousingWire, Nov. 8, 2018--Ben Lane
MBA released a brief updated forecast this week, which states that multifamily lending is on track to set another record in 2018.

Analysts: The Multifamily Sector is Hitting its Peak

Scotsman Guide News, Nov. 12, 2018--Victor Whitman (MBA mention)
Multifamily has been the star of the commercial property sector for much of the post-recession recovery, but 2018 and 2019 could be the peak years for originators, analysts told Scotsman Guide News.

Sam Zell Is Selling More Than Property After Real Estate Warning

Bloomberg, Nov. 14, 2018--Simone Foxman
Sam Zell is increasingly looking for the exits outside of his real estate empire. The billionaire's Equity Group Investments has sold or plans to sell stakes in at least four companies since October 2017.

Amazon Breathes Life into HQ2 Housing Markets

HousingWire, Nov. 13, 2018--Alcynna Lloyd
On Tuesday, Amazon finally announced it selected Long Island City, N.Y., and Crystal City in Arlington County, Va., as the split locations for its HQ2, and data suggests that the real estate markets in these areas saw a surge of interest when speculation of their selection first arose last week.

Firm Advising GSE Investors Updates Plan to End Conservatorships

American Banker, Nov. 9, 2018--Hannah Lang (subscription)
The revised blueprint by Moelis & Co. LLC, which serves as a financial adviser to some Fannie and Freddie shareholders, incorporates a plan by the mortgage companies' regulator for them to adopt risk-based capital requirements. The original Moelis plan released in June 2017 had drawn mixed reviews from the industry.

News and Trends

 
CREF Highlights

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

Prepare for a New Cap Rate Era

Though cap rates have mostly declined since 2000, market indicators suggest the declining cap rate era is ending and moderate cap rate expansion is likely, said RCLCO, Bethesda, Md.

Office Market Seeing Economic Tailwinds

The U.S. office market maintained its steady improvement in the third quarter, sector analysts reported.

Opportunity Zones Could Trigger $100B in Investment

Opportunity Zones created by last December's Tax Cuts and Jobs Act could cause up to $100 billion could be deployed over the next several years, analysts say.

MBA Offices Closed Next Thursday, Friday

The Mortgage Bankers Association will be closed Thursday, Nov. 22 and Friday, Nov. 23 in observance of Thanksgiving. MBA Commercial/Multifamily NewsLink will not publish next week.

Commercial/Multifamily Briefs

Walker & Dunlop, Bethesda, Md., acquired iCap Realty Advisors, an Atlanta mortgage banking firm based that places debt for all commercial real estate asset classes.

People in the News

 
Bellwether Enterprise Appoints Love Senior Vice President in Cleveland

Bellwether Enterprise Real Estate Capital LLC, Cleveland, appointed Tony Love Senior Vice President in its Cleveland office.

Dealmaker of the Week

 
Jamestown Acquires Georgia Retail Portfolio for $55M

Jamestown, Atlanta, purchased two adjacent shopping centers in Sandy Springs, Ga., from Mimms Enterprises, Roswell, Ga.

MBA News

 
mPact Fall of Fundraising Campaign

This fall, MBA's mPact network held three fundraising events across the country, raising more than $18,000 to benefit the MBA Opens Doors Foundation.

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.