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Volume 17 | Issue 32 | Thursday, August 08, 2019

The Lede

 

Lending Momentum Index Jumps 20.8% YOY

CBRE, Los Angeles, reported commercial real estate lending activity gained traction in the second quarter following an earlier brief pause amid financial market volatility.

 

Top National News

 
Banks Tighten Standards on Commercial Real Estate, Credit Card Loans

Reuters, Aug. 5, 2019--Ann Saphir
U.S. banks left loan standards unchanged on commercial and industrial loans to large and mid-sized firms during the second quarter, even as they eased standards on such loans to smaller firms and eased most terms for all size firms, according to a survey of bank officers published on Monday.

Mall Landlords Weigh Becoming Lenders to Blunt Retail Apocalypse

Bloomberg, Aug. 7, 2019--Laruen Coleman-Lochner, Eliza Ronalds-Hannon
Mall landlords accustomed to offering rent reductions to ailing retailers are mulling a new strategy to forestall the industry's collapse: positioning themselves as lenders to tenants struggling to stay afloat.

All in the (Multi)Family: Q&A With Decron's David Nagel

Commercial Observer, Aug. 5, 2019--Chava Gourarie
Decron Properties has been in the business long enough to have seen several up-and-down cycles. After the 2009 recession, David Nagel, the firm's president and CEO, was determined to learn a lesson from the upheaval.

Dealmaker of the Week

 
KeyBank Real Estate Capital Provides $95M for Retail, Multifamily, Hotel Assets

KeyBank Real Estate Capital, Cleveland, provided $95.1 million for retail, multifamily and hotel assets in four states.

People in the News

 
Colliers Appoints Nelson Global Occupier Services CEO

Colliers International Group, Toronto, appointed Scott Nelson CEO of Global Occupier Services effective immediately.

News and Trends

 
New York Faces Consequences of Rent Control Changes

Multifamily analysts say New York City's new rent control law could have several unintended consequences.

Apartment Rent Growth Accelerates Despite Deliveries

Multifamily rents grew for the ninth straight month and are now up 3 percent year-over-year, reported Zillow, Seattle. 

Hotels Metrics Mostly Positive

The hotel sector reported mostly positive metrics but decreased occupancy during the second quarter, STR and CBRE Hotels reported.

Global CRE Investment Slowdown Eases

CBRE reported global commercial real estate investment reached $231 billion in the second quarter, up 17 percent from the previous quarter but down 7.5 percent from a year ago.

Commercial/Multifamily Briefs

Black Knight, Jacksonville, Fla., and Reonomy, New York, announced an agreement to incorporate Black Knight property record data into Reonomy's commercial real estate platform.

MBA News

 
MBA Education Webinar: Expect the Best, Prepare for the Worst: CRE Loan Workouts 101 Aug. 14

Join MBA Education August 14th from 2:00-3:30PM ET for a webinar that explores the topic of commercial mortgage loan workouts by convening subject matter experts from Trimont Real Estate Advisors, CW Capital, Fitch Ratings, Rialto and PGIM.

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.

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.

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.