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Volume 17 | Issue 8 | Thursday, February 21, 2019

The Lede

 

As Markets Change, Execs Stress Strategic Thinking

SAN DIEGO--Commercial real estate debt markets are as competitive as ever, so industry executives need to think strategically, CRE leaders said here at the MBA CREF/Multifamily Housing Convention & Expo's second general session.

 

Top National News

 
Top U.S. Commercial Mortgage Servicers of 2018 Revealed

World Property Journal, Feb. 13, 2019--Michael Gerrity
According to the Mortgage Bankers Association's newly released its year-end ranking of commercial and multifamily mortgage servicers' volumes (as of December 31, 2018); Wells Fargo leads the national rankings, again.

Multifamily Sector, Energizer Bunny Share Common Trait, Says MBA's Woodwell

RE Business Online, Feb. 13, 2019--Matt Valley
The multifamily sector is like the Energizer Bunny, says Jamie Woodwell, vice president of commercial and multifamily research for the Mortgage Bankers Association: "It just keeps going and going and going."

MBA CREF 2019: Experts Share Expectations for Loan Originations

Connect Commercial real Estate, Feb. 16, 2019
Connect Media attended MBA CREF 2019 in San Diego last week to interview EBI Consulting's Dan Spinogatti, Greystone's Ana Ramos, Hunt's Josh Messier, CapitalSource's Tom Whitesell, NorthMarq's Warren Hitchcock, Red Capital's Tracy Peters and Alliant's Charles Krawitz about their expectations for 2019 loan originations.

CBRE Launches New Co-Working Business, Taking on WeWork

Wall Street Journal, Feb. 19, 2019--Peter Grant (subscription)
CBRE Group and other big brokers are trying to muscle their way into the increasingly crowded but lucrative co-working business, aiming to help landlords create their own flex-space companies that cut out middlemen like WeWork Cos.

New 'Opportunity Zones' Give Investors Big Tax Breaks

Orange County Register, Feb. 14, 2019--Jeff Lazerson
Taxpayers facing a capital gains tax payment can defer the tax by investing in one of more than 8,700 economically depressed "opportunity zones." Here are some of the rules.

Amazon Drops Plans to Build Headquarters in New York City

Washington Post, Feb. 14, 2019--Robert McCartney, Jonathan O'Connell
The company issued a statement saying it did not intend to reopen its search for a second headquarters at this time, but would continue with plans to put at least 25,000 jobs in Arlington in Northern Virginia and 5,000 in Nashville. New York was scheduled to get 25,000 jobs under the original announcement in November, which split the 50,000 jobs for a second headquarters between New York and Virginia.

Dealmaker of the Week

 
JLL Secures $280M To Refinance Empire Stores in Brooklyn

JLL, Chicago, secured $280 million for Midtown Equities and HK Organization to refinance Empire Stores, a newly redeveloped retail and office building in Brooklyn, N.Y.

News and Trends

 
MBA Chart of the Week: Current Unpaid Principal Balance of Non-Bank Commercial/Multifamily Loans

A decade ago, MBA began collecting information on volume of commercial and multifamily mortgages, held by non-bank lenders, maturing over the coming years. This week's chart, using data from our CREF Database, combines the results of multiple years' surveys and provides a timeline of the changing nature of the market.

Single-Family Rental: Opportunities in 'Horizontal Multifamily'

SAN DIEGO--By some measures more Americans live in single-family rental properties than in multifamily apartment properties and the sector is poised for further growth, analysts said here at the recent MBA CREF/Multifamily Housing Convention & Expo.

Transitional Lending in a Transitional Economy

SAN DIEGO--Short duration bridge loans on transitional assets are increasingly attractive to lenders due to their higher yields, but these loans come with their own challenges, analysts said here at the MBA CREF/Multifamily Housing Convention & Expo.

Single-Family Rent Prices Grew Faster in 2018

Rent prices in single-family rental properties grew faster in 2018 than in 2017, reported CoreLogic, Irvine, Calif.

Commercial/Multifamily Briefs

HUD said it will "dramatically" reduce the advance notice it gives to private owners of subsidized apartment properties before their housing is inspected.

People in the News

 
Edwards to Lead CBRE Integrated Retail Accounts Practice

CBRE, Los Angeles, announced today that Branson Edwards joined the company as Executive Vice President and Leader of Integrated Retail Accounts in the Americas.

MBA News

 
MBA Commercial/Multifamily Servicing/Technology Conference in Los Angeles May 14-17

The Mortgage Bankers Association's annual Commercial/Multifamily Servicing and Technology Conference takes place May 14-17 at L.A. LIVE, Los Angeles.

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.