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Volume 17 | Issue 16 | Thursday, April 18, 2019

The Lede

 

Grocery Stores Defy Retail Sector Slump

New grocery store openings increased 30 percent in 2018 compared to 2017 as grocers added more than 17 million square feet of space in the U.S., reported JLL, Chicago.

 

Top National News

 
2018 Set Record for Commercial/Multifamily Lending

Mortgage News Daily, Apr. 11, 2019--Jann Swanson
Commercial and multifamily mortgage bankers closed $573.9 billion in loans during the year according to results from a Mortgage Bankers Association survey. The total represents an 8 percent increase from the volume in 2017.

Office Developers Are Increasingly Adding Mixed-Use Components to New Projects

National Real Estate Investor, Apr. 16, 2019--Patricia Kirk
Mixed-use was already a big hit in the retail sector. Now office developers are trying to capitalize on the trend.

Mark Calabria Takes Over as FHFA Director, Begins Push for Housing Finance Reform

HousingWire, Apr. 15, 2019--Ben Lane
In remarks delivered at his swearing-in ceremony at the Federal Housing Finance Agency, Calabria emphasized the pressing need for housing finance reform. "I enter this office with a great sense of urgency. One I hope you share," he said.

Amazon's Whole Foods Could be a Fit for 110 Old Sears Stores, BMO Says

CNBC, Apr. 11, 2019--Lauren Thomas
Your local, shuttered Sears or Kmart store could soon turn into a grocery store, according to  investment group BMO. Maybe even a Whole Foods.

Dealmaker of the Week

 
Walker & Dunlop Secures $183M for Multifamily Properties

Walker & Dunlop, Bethesda, Md., structured $183 million for apartment properties in Manhattan and Atlanta.

News and Trends

 
MBA Chart of the Week: Top Investor-Driven Lenders, 2018

Mortgage real estate investment trusts, debt funds and other "investor-driven lenders" are one of the hottest capital sources in today's commercial real estate finance markets.

2018 CRE Transaction Volume Near Record

Commercial real estate transaction deal volume totaled $537 billion in 2018, the second-largest year on record for CRE sales in the U.S., reported Ten-X, Irvine, Calif.

New York Bumps London as Top City for Foreign Real Estate Investment

New York regained its perch as the number one global city for foreign investors, displacing London, reported A Fellowship for International Real Estate, Washington, D.C.

Low Supply Driving Rapid Single-Family Rental Increases

Rent prices in single-family rental properties grew faster in February than in January, reported CoreLogic, Irvine, Calif.

Commercial/Multifamily Briefs

HUD is seeking public input on how it can maximize the effect of Opportunity Zones.

People in the News

 
CBRE Appoints Stearns Chief Financial Officer

CBRE Group, Los Angeles, announced Leah Stearns joined the company as Chief Financial Officer on May 15.

MBA News

 
CRE Finance & Tech: A Conversation with Start-Ups May 29


Join MBA Education May 29th from 2-3:30PM ET for a webinar that will explore where the industry is and where it is headed.

CREF Market Intelligence Symposium in New York July 10-11

The Mortgage Bankers Association CREF Market Intelligence Symposium cuts through the clutter to provide hard facts about the state of commercial real estate markets--what we do and don't know.

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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