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Volume 16 | Issue 38 | Thursday, September 20, 2018

The Lede

 

C&W: 'Excellent' Macroeconomic Backdrop for CRE

The economic environment that affects commercial real estate property markets is in excellent shape by most measures, reported Cushman & Wakefield, New York.

 

Top National News

 
The Death and Life of New York City Retail

Bloomberg, Sept. 17, 2018--Justin Fox
Manhattan has fewer retail establishments now than in 2001. But there are other boroughs and other uses of storefront space.

Growth in New CMBS Issuances Reduces Delinquency Rate: Fitch

National Mortgage News, Sept. 17, 2018--Brad Finkelstein (subscription)
Commercial mortgage-backed securities delinquency rates are likely to continue to decrease for the rest of the year, as new issuances outpace maturing loans and precrisis loans continued to get resolved by special servicers, Fitch Ratings said.

FTC Shuts Down Real Estate Websites that Allegedly Preyed on Section 8 Renters

HousingWire, Sept. 18, 2018--Ben Lane
The FTC claims that the Shayan brothers' companies, Apartment Hunters, Real Estate Data Solutions, Rental Home Listings, and UAB Apartment Hunters, and their websites, WeTakeSection8.com, ApartmentHunterz.com, and FeaturedRentals.com, actually offered out-of-date listings, including many that did not accept Section 8 vouchers as promised.

News and Trends

 
CREF Highlights

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

Developers Face Cost Escalation, Technology Challenges

Cost escalation represents the biggest challenge commercial real estate developers will face over the next five years, said Altus Group Limited, Toronto.

Investors Plan to Buy More Seniors Housing

The appetite for seniors housing remains strong, with nearly two-thirds of investors planning to increase their portfolios over the next 12 months, said CBRE, Los Angeles.

Resilient Multifamily Market Sees Rising Occupancies, Rents

Buoyed by a strong economy and continued healthy demand, the average U.S. apartment rent rose $2 in August to $1,412, up 3.1 percent year-over-year, reported Yardi Matrix, Santa Barbara, Calif.

Return Expectations Grow Among Institutional Investors

Institutional investors are increasing their expectation for full-year commercial real estate returns, the Pension Real Estate Association Consensus Forecast Survey reported.

Commercial/Multifamily Briefs

Fannie Mae, Washington, D.C., priced its eighth multifamily Delegated Underwriting and Servicing real estate mortgage investment conduit this year, totaling $857.2 million.

People in the News

 
Henderson Joins Avison Young's Florida Capital Markets Group

Avison Young, Toronto, hired Allen Henderson as Vice President of the firm's Capital Markets Group based in Tampa, Fla.

Dealmaker of the Week

 
Renaissance Vinoy St. Petersburg Changes Hands for $189M

SCG Hospitality, Tampa, Fla. acquired The Vinoy Renaissance St. Petersburg Resort & Golf Club in St. Petersburg, Fla. for $188.5 million.

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.

MBA Commercial/Multifamily Marketing Officer Roundtable in Washington Oct 3-4

MBA business peer roundtables bring together professionals from commercial and multifamily real estate finance firms.

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.