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Volume 17 | Issue 33 | Thursday, August 15, 2019

The Lede

 

Office Sector Well-Positioned for Slowing Economy

The office sector should remain resilient despite moderating U.S. economic growth, said Transwestern, Houston.

 

Top National News

 
Commercial Real Estate Prices Stumble in Global Capitals

Wall Street Journal, Aug. 14, 2019--Esther Fung (subscription)
Commercial property prices in major cities around the world tumbled in the second quarter amid signs of slower global growth and heightened trade tension between China and the U.S., said Real Capital Analytics.

The Strength Of Workforce Housing As An Investment Class

Forbes, Aug. 14, 2019--Elie Reider
As the real estate cycle lengthens and property prices continue to rise, many commercial real estate professionals across the country are finding it challenging to identify value-add acquisition opportunities. One of the few exceptions to this rule is workforce housing.

HUD Expands Section 220 Program to All Opportunity Zones

National Mortgage Professional, Aug. 9, 2019--Phil Hall
FHA's Section 220 Program insures lenders against loss on mortgage default and has been used for urban rental housing in areas targeted for overall revitalization. HUD's announcement expands eligibility of mortgages insured under this program to all 8,764 Opportunity Zone localities, including those in rural areas.

Can the American Dream Mega-Mall Succeed in a Changing Retail World?

National Real Estate Investor, Aug. 8, 2019--Liz Wolf
The $5 billion American Dream mall project in New Jersey is betting big on entertainment components. Can it succeed?

Dealmaker of the Week

 
NorthMarq Arranges $257M for Mixed-Use, Multifamily

NorthMarq, Minneapolis, arranged $257 million in construction and acquisition financing for mixed-use and multifamily properties in Missouri and Georgia.

People in the News

 
Christensen Joins WFG National Title Insurance Co.

WFG National Title Insurance Co., Portland, Ore., appointed Gregg Christensen Senior Business Development Officer for the company's New York-based national commercial services division.

News and Trends

 
CREF Highlights

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

Freddie Mac: 'Robust' Multifamily Outlook

Freddie Mac, McLean, Va., predicted a "robust" rental market and strong multifamily volume growth through the end of the year.

How Climate Change Could Change CRE

Real estate developers are responding to the threat of climate change with design changes and new technologies, said the Urban Land Institute, Washington, D.C.

Single-Family Rental Growth Likely to Continue

The single-family rental market should experience continued strong growth through the second half of 2019, said Arbor, Uniondale, N.Y., and Chandan Economics, New York.

Commercial/Multifamily Briefs

Bellwether Enterprise Real Estate Capital, Cleveland, opened an office in Nashville, Tenn.

MBA News

 
CRE Basics: Property Inspection and Environmental Concerns Starts August 19

MBA Education presents CRE Basics: Property Inspection and Environmental Concerns. The course will explain what the property inspection tells the underwriter and how the results of the inspection affect the underwriting.

Overview of Commercial/Multifamly Insurance Compliance Oct. 15


Commercial insurance is a dynamic component of real estate finance. Join MBA Education for a webinar covering the various elements of commercial insurance on October 15 from 2:00 to 3:30 ET.

MBA Expands Path to Diversity Scholarship Program Eligibility to Select Conferences

The Mortgage Bankers Association announced that scholarships awarded under its popular Path to Diversity Scholarship Program can now also be used toward several upcoming MBA conferences including the Commercial/Multifamily Servicing & Technology Conference where attendees can obtain Continuing Professional Education credits.

Make Your Voice Heard through MBA Mortgage Action Alliance

The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.

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.