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Volume 17 | Issue 35 | Thursday, August 29, 2019

The Lede

 

Small-Cap CRE Market Poised For Late-Stage Course Adjustment

The small-cap commercial real estate space market and investment trends have flattened out and appear vulnerable, said Boxwood Means, Stamford, Conn.

 

Top National News

 
Multifamily Borrowing Surges 10% in Q2

HousingWire, Aug. 22, 2019--Kelsey Ramirez
Mortgage originations in commercial and multifamily surged 10% annually in the second quarter, according to the Mortgage Banker Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

Global Commercial Real Estate Shifts Could Benefit Puerto Rico Economy

Caribbean Business, Aug. 26, 2019--Jose Alvarado Vega
Puerto Rico's commercial real estate sector has the potential to be a big contributor to the island's post-hurricane economic recovery, due to a combination of technological innovations in manufacturing and retail logistics, as well as to the disruption of global supply chains as a result of the ongoing U.S.-China trade war, said real estate economist Kiernan K.C. Conway.

The Western States CREF Conference is More Dynamic than Ever

Mortgage Professional America, Aug. 26, 2019--Kimberly Green
Planning the same conference for more than two decades could put an organizing committee in a bit of a rut. Rather than featuring the same old panel discussions on industrial, multifamily, and office, however, the California Mortgage Bankers Association organizing committee behind the annual Western States Commercial Real Estate Finance conference listened to their members on the ground.

How a 2020 Initiative to Split Prop. 13 Would Increase Commercial Property Taxes

San Jose Mercury News, Aug. 22, 2019--Allen Buchanan
Whether you own and occupy a building in California or lease the premises, this will affect you. A proposition on the Nov. 3, 2020 ballot could dramatically increase property taxes for commercial properties.

Dealmaker of the Week

 
JLL Arranges $168M In Boston Area

JLL, Chicago, arranged $168 million in financing for three Boston-area office and laboratory assets.

People in the News

 
West Coast Senior Housing Origination Team Joins M&T Realty Capital Corp.

M&T Realty Capital Corp., Baltimore, appointed Sean Huntsman Executive Managing Director and Kathy Stewart Managing Director in the Los Angeles area. They will originate Fannie Mae and Freddie Mac loans for senior housing and multifamily properties nationwide, with a focus on the West Coast.

News and Trends

 
MBA Chart of the Week: Commercial Property Capitalization Rates

Commercial real estate values are a function of a property's income and the capitalization (cap) rate. Essentially the inverse of a price-to-earnings ratio, cap rates are a gauge of the yield investors demand to put their money into commercial real estate--with a lower cap rate demonstrating higher investor interest in each dollar of current income.

CREF Highlights

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

Special Servicing Volume Declines Again

Fitch Ratings, New York, reported the volume of commercial mortgage-backed securities loans and assets in special servicing declined nearly 10 percent between April and July to $9.8 billion.

Industrial Assets Supporting CRE Price Growth

Real Capital Analytics, New York, said the industrial sector sustained commercial property price growth in July even as CRE transaction volume fell sharply.

Forecast Sees Further Slowing for U.S. Hotels

Performance growth projections for the U.S. hotel industry are slipping, two sector analysts said.

MBA News

 
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.

MBA Education Overview of C/MF 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.

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.