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Volume 16 | Issue 40 | Thursday, October 04, 2018

The Lede

 

Tech Sector's CRE Influence Grows

The technology sector's impact on commercial real estate may appear sudden, but it has been building for years, reported Cushman & Wakefield, New York.

 

Top National News

 
Commercial/Mortgage Debt Outstanding Up in Q2

National Mortgage Professional, Sept. 27, 2018--Phil Hall
Commercial and multifamily mortgage debt outstanding swelled by $52.3 billion in the second quarter, according to new data from the Mortgage Bankers Association. The second quarter was 1.6 above the first quarter's debt outstanding.

Exclusive Research: Maintaining Liquidity

National Real Estate Investor, Oct. 1 , 2018--Beth Mattson-Teig
Borrowers have been enjoying a robust lending climate in recent years with an abundance of capital chasing too few deals. And despite caution creeping into the market along with rising interest rates, that liquidity appears firmly entrenched.

New Yorkers Are Listing Their Homes for Both Sale and Rent

Bloomberg, Oct. 2, 2018--Oshrat Carmiel
The number of homes simultaneously listed for sale and for rent in New York jumped 51 percent this year through Sept. 1 -- to 1,087 -- as owners try to get the best price at a time when both markets are weakening, according to data compiled by StreetEasy.

A 'Turning Point' In The Housing Market

NPR, Sept. 28, 2018--Stacey Vanek Smith; Cardiff Garcia
Ever since the end of the financial crisis, rents have been rising all across America. But a recent report from Zillow could signal a turning point in the housing recovery.

REITs Wrestle With Rising Interest Rates

Wall Street Journal, Sept. 29, 2018--Mengqi Sun (subscription)
After a strong second quarter, real-estate investment trusts slipped during the third quarter, according to FTSE.

Manhattan Builders' 5-Year Plan: 33,000 New Rentals and Condos

Bloomberg, Sept. 27, 2018--Oshrat Carmiel
There's a surplus of homes in Manhattan, and here come tens of thousands more.

News and Trends

 
MBANow CREF Corner Office Conversation with Walker & Dunlop's Willy Walker

The Mortgage Bankers Association released a new interview with Walker & Dunlop Chairman and CEO Willy Walker, who discussed multifamily, Walker & Dunlop's business strategy and GSE reform. Walker serves on MBA's board of directors.

MBA Asks Treasury, IRS to Clarify Business Income Deduction Rules

The Mortgage Bankers this week urged the Treasury Department and the Internal Revenue Service to further clarify its rules governing qualified business income deductions under Section 199A of the Internal Revenue Code.

MBA Mobilizes Against California Rent Control Proposal

In California, propositions--ballot initiatives that give voters tremendous influence in public policy--are a way of life (think Howard Jarvis and Proposition 13, the landmark 1978 measure that capped state property taxes). But the Mortgage Bankers Association says one such ballot initiative this November could have unintended consequences for affordable housing.

CREF Highlights

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

CMBS Delinquency Rate Reduction Accelerates; Possible 'Inflection Point' Ahead?

The commercial mortgage-backed securities delinquency rate dropped "markedly" once again in September, reported Trepp, New York.

Apartment Market Sees Accelerating Rent Growth, Tightening Occupancy

U.S. apartment rent growth accelerated to a 2.9 percent annual pace in the third quarter, reported RealPage, Richardson, Texas.

Commercial Real Estate's Relative Value Slips

Commercial real estate's relative value compared to price slipped in the second quarter, reported Situs RERC, Houston.

People in the News

 
Freddie Mac Names Lansbury New Head of Multifamily Underwriting & Credit

Freddie Mac, McLean, Va., promoted Steve Lansbury to Senior Vice President of Multifamily Underwriting & Credit.

Dealmaker of the Week

 
Newmark Arranges $51M for Office, Retail

Newmark, San Francisco, arranged $50.7 million for office and retail assets in Washington and California.

MBA News

 
MBA CREF Connects Event at Hudson Yards Oct. 30

MBA CREF Connects regional events bring together commercial real estate professionals in markets across the country.

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.

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.