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Volume 16 | Issue 36 | Thursday, September 06, 2018

The Lede

 

MBA: 2Q Commercial/Multifamily Delinquencies Remain Low

Delinquency rates for commercial and multifamily mortgage loans were relatively flat in the second quarter, according to the Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report.

 

Top National News

 
Biggest Commercial Mortgage Servicers of 2018

Mortgage Daily, Aug. 30, 2018
The Mortgage Bankers Association presented the rankings as part of its Commercial/Multifamily Real Estate Mortgage Servicer Rankings Mid-Year 2018.

Getting to Yes: What It Takes to Land Construction Debt Today

Commercial Observer, Sept. 4, 2018--Matt Grossman
Lenders of all types give construction loans close scrutiny before they approve a loan.

Facebook Is Bingeing on Bay Area Real Estate

Bloomberg, Sept. 4, 2018--Noah Buhayar, Sarah Frier
Since Facebook Inc. arrived in Menlo Park, California, seven years ago, the town has been overrun by construction cranes, orange safety cones and truckloads of building materials to transform a former industrial area into a sprawling campus that can support a $500 billion tech giant.

Moody's Buying Commercial Real Estate Data Provider Reis for $278 Million

HousingWire, Aug. 30, 2018--Ben Lane
Reis currently provides analysis and forecasts for 275 metropolitan markets and 7,700 submarkets in multifamily, affordable housing, office, retail, student housing and senior housing.

Do Widespread Rent Concessions in the Apartment Sector Signal a Problem?

National Real Estate Investor, Sept. 4, 2018--Bendix Anderson
Property managers are offering more months of free apartment rent to attract new tenants in markets across the United States.

News and Trends

 
CREF Highlights

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

'Neither Too Hot Nor Too Cold' CRE Environment

Several metrics and indicators suggest commercial real estate is in a ‘late stable' stage of the market cycle for most property types in most geographies, said RCLCO, Bethesda, Md.

Lenders Like 'Green' Office Buildings

Green-certified office space now exceeds 40 percent of market totals in large U.S. metros--and capital markets are taking note, reported CBRE, Los Angeles.

CMBS Delinquency Rate Continues Improvement

The commercial mortgage-backed securities delinquency rate declined for the third consecutive month due to steady new issuance and few new delinquencies, reported Fitch Ratings, New York.

Data Center Demand Grows Significantly

The data center industry is well positioned to meet the significantly increased demand it is seeing, reported JLL, Chicago.

Commercial/Multifamily Briefs

Moody's Corp., New York, agreed to acquire data provider Reis, Inc., New York, in an all-cash transaction valued at $278 million.

People in the News

 
CBRE Appoints Wallace President of Mountain-Northwest Division

CBRE promoted Joe Wallace to President of its Mountain-Northwest Division.

Dealmaker of the Week

 
New York Life Real Estate Investors Originates $172M

New York Life Real Estate Investors originated $172 million for office and multifamily properties in Florida and New Jersey.

MBA News

 
MBA Single-Family Rental Finance Call Sept. 10

The Mortgage Bankers Association will host a call of its Single-Family Rental Finance Council on Monday, Sept. 10.

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.