A pullback in lending activity across most property types contributed to a decline in total mortgage loan originations during the third quarter, according to the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Commercial and Multifamily Origination Volume Takes Drop
National Mortgage Professional, Nov. 19, 2018--Phil Hall
Former Urban Big-Boxes, Class B Office Buildings Are Being Converted to Last Mile Industrial Space
National Real Estate Investor, Nov. 28, 2018--Patricia Kirk
Prudential Making a Big Bet on Lower-Income Housing
Wall Street Journal, Nov. 27, 2018--Peter Grant (subscription)
GSEs Establish Tougher Standards for Green Apartment Loans in 2019
National Real Estate Investor, Nov. 20, 2018--Bendix Anderson
MBA Offers Recommendations on HVCRE Exposures
The Mortgage Bankers Association weighed in yesterday on proposed changes to the High Volatility Commercial Real Estate risk-based capital rule, offering recommendations on implementation issues and expressing concerns about certain rule interpretations.
MBA, Trade Groups Press Congress on Flood Insurance Program Extension
More than two dozen industry trade groups joined the Mortgage Bankers Association in a letter to House and Senate leaders, urging them to extend the National Flood Insurance Program beyond its latest expiration date (Nov. 30).
MBA Letters Address GSE Capital Requirements; Single Security; CRA Reforms
The Mortgage Bankers, in a series of letters to federal agencies, offered recommendations to the Federal Housing Finance Agency on its proposed capital requirements for the government-sponsored enterprises (Fannie Mae and Freddie Mac); the FHFA proposed rule on the GSEs' Uniform Mortgage-Backed Security; and the Office of the Comptroller of the Currency's proposed rule to revamp the Community Reinvestment Act.
MBA Announces Record 149 Path to Diversity Scholarship Winners
The Mortgage Bankers Association announced a record 149 individual employees from MBA member companies were awarded a Path to Diversity scholarship during the 2018 fiscal year.
CMBS Supply-Demand Fundamentals Stable
Commercial property market supply and demand fundamentals remained relatively stable in the second quarter, said Moody's Investors Service, New York.
Demand For Commercial Retail Space Continues Decline
Despite significant U.S. economic expansion, the retail sector continues to wane with store closings and space shrinkage dominating the market.
CRE Transaction Volume Up 14% through 3Q
Commercial real estate transaction volumes through the first three quarters increased 14.2 percent over last year to $341.2 billion, reported JLL, Chicago.
Demand for Industrial Real Estate Remains Strong; Debt Pricing on the Rise
While demand for distribution and warehouse space remains strong across most U.S. markets, investors should expect to pay more for debt financing heading into 2019, said Avison Young, Toronto.
Macerich, Santa Monica, Calif., launched BrandBox as a way for digital-native brands to open and operate brick-and-mortar stores and scale physical retail as a complement to e-commerce.
Grandbridge Hires Alexander in Alabama
Grandbridge Real Estate Capital hired Richard Alexander Jr. in its Mobile, Ala., commercial mortgage loan origination team as vice president.
NorthMarq Capital Arranges $97M
NorthMarq Capital, Omaha, Neb., arranged $96.5 million in debt and equity for office, industrial and multifamily assets in Nebraska and Florida.
CREF19 in San Diego Feb. 10-13
The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2019 returns to San Diego Feb. 10-13.
MBA Education Multifamily Property Inspection Workshop in Atlanta Mar. 27-28
MBA Education presents its popular Multifamily Property Inspection Workshop in Atlanta March 27 and 28.
CRE Basics: Introduction to Commercial Real Estate March 2019
MBA Education's popular CRE Basics:Introduction to Commercial Real Estate course starts in March 2019.
Commercial Loan Origination Sales Training Workshop in Los Angeles May 9-10
MBA Education presents its popular two-day Commercial Loan Origination Sales Training Workshop in Los Angeles May 9 and 10.