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Volume 16 | Issue 39 | Thursday, September 27, 2018

The Lede

 

MBA Report: 2Q Commercial/Multifamily Mortgage Debt Up $52.3 Billion

Commercial/multifamily mortgage debt outstanding increased by $52.3 billion in the second quarter as all four major investor groups increased their holdings, the Mortgage Bankers Association reported this morning.

 

Top National News

 
Banks Get Company on the Commercial Real Estate Lending Front

Daily Business Review, Sept. 24, 2018--Lidia Dinkova
Banks held 40 percent of the commercial real estate debt in 2017 nationally, but South Florida borrowers increasingly are turning to alternative lenders for more flexible terms.

Caution: Potential Inverted Yield Curve Ahead

National Real Estate Investor, Sept. 26, 2018--Beth Mattson-Teig
This week's Federal Reserve Board meeting is once again shining a spotlight on rising interest rates and what has remained a stubbornly flat yield curve.

10 Years After Lehman: This Time It's Different

IPE Real Assets magazine, Sept. 25, 2018--Christopher O'Dea
Real estate investors learned painful lessons 10 years ago. With signs of a correction yet to materialize, can the market escape a repeat of 2008?

Is The Commercial Real Estate Market Cooling?

The Press-Enterprise (Riverside, Calif.), Sept. 25, 2018--Allen Buchanan
So, the rumblings have begun and folks want to know: Is commercial real estate simmering down? In my humble opinion, yes.

SFR Landlords Have Room to Raise Rents in Most Markets

National Real Estate Investor, Sept. 24, 2018--Bendix Anderson
Low vacancy and prohibitive house prices give single-family rental tenants incentives to accept rent increases.

News and Trends

 
The Hotel Sector's Super Summer

The hotel sector recorded positive results in its three key performance metrics during August even as guestroom supply continued to grow, sector analysts say.

JLL: Retail Closures Present Opportunities for New Retail, New Uses

The retail sector's softening fundamentals are changing investment activity, said JLL, Chicago.

Affordable Housing Vacancy Rates Stay Tight

The affordable housing sector's vacancy rate remained tight at 2.0 percent for the third consecutive time in the second quarter, reported Reis, New York.

CMBS Delinquency Rate Drops

Legacy debt resolutions and brisk new loan securitizations sharply lowered the commercial mortgage-backed securities delinquency rate in August, said Trepp, New York.

Single-Family Rental Prices Rising

Rents for U.S. single-family rental properties increased 3 percent year-over-year in July, up from a 2.7 percent pace a year ago, reported CoreLogic, Irvine, Calif.

Commercial/Multifamily Briefs

Greystar Real Estate Partners, New York, acquired student housing developer, owner and manager EdR, Memphis, Tenn.

People in the News

 
Hoops Joins Venable's Real Estate Practice in Washington, D.C.

Venable LLP announced William "Bill" Hoops joined the firm's Real Estate Practice as counsel in the firm's Washington, D.C. office.

Dealmaker of the Week

 
Vornado Completes $442M New York Retail, Signage Acquisition

Vornado Realty Trust, New York, acquired the remaining 46 percent interest in the New York Marriott Marquis Times Square's retail condominium for $442 million.

MBA News

 
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.

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.