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Volume 17 | Issue 6 | Thursday, February 07, 2019

The Lede


'Implausible' Retail to Warehouse Conversions Emerging

Shuttered retail real estate assets can find new life as warehouses and e-commerce distribution centers, reported CBRE, Los Angeles.


Top National News

Strong Economy, Cheap Money Boost Commercial Property Market

Wall Street Journal, Feb. 5, 2019--Konrad Putzier (subscription)
A strong economy helped lift commercial real-estate sales to near-record levels last year, and many investors are counting on low interest rates to keep sales going in 2019.

What Does a Flattening Yield Curve Mean for the Real Estate Markets?

Trepp Blog, Jan. 30, 2019--Mike Fratantoni (MBA Chief Economist)
The financial markets have been speaking loudly, indicating significant concerns regarding the growing risk of a recession in the near future. In particular, bond traders are now betting that the Federal Reserve will not raise rates, as the Fed itself most recently predicted, and are increasingly looking for a rate cut.

Republicans Want Mortgage Giants Fannie Mae and Freddie Mac to be Private Companies Again

Washington Post, Feb. 1, 2019--Renae Merle
A decade after Fannie Mae and Freddie Mac were placed under government control, a key Senate Republican on Friday proposed allowing them to return to being private companies.

The 6 Most Expensive Rental Markets are All in California

HousingWire, Feb. 1, 2019--Kelsey Ramirez
While most of the top 10 cities remained flat, Santa Ana rejoined the ranks, giving California six of the top 10 cities, according to a monthly rental report from Zumper. It replaced Miami as the 10th most expensive city.

Is China's Debt Crackdown Hitting California's Commercial Real Estate Bubble?

Market Express, Jan. 30, 2019--Wolf Richter
The Chinese government is cracking down on capital flows from China to other countries, particularly to fund real estate projects. It is also cracking down on the "ballooning" debt of Chinese conglomerates, after their real estate buying spree.

Dealmaker of the Week

Hunt Real Estate Capital Provides $31M in Multifamily Financing

Hunt Real Estate Capital, New York, provided $31.3 million in Fannie Mae funds to finance multifamily properties in Texas, Maryland and Arkansas.

News and Trends

CREF Corner Office Conversation with Berkadia's Hilary Provinse

The Mortgage Bankers Association released an interview with Berkadia Executive Vice President and Head of Mortgage Banking Hilary Provinse.

CREF19 Starts Next Week

MBA Commercial/Multifamily NewsLink will come to you next week from the MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo in San Diego.

'Healthy Runway' for Flexible Office Space

All signs indicate the office market can handle significantly more flexible space than it currently has, said JLL, Chicago.

Strong Multifamily Performance Despite Aging Cycle

The multifamily sector still has some room to run despite the "prolonged" real estate cycle, said Yardi Matrix, Santa Barbara, Calif.

CRE Price Growth Slips

U.S. commercial real estate prices slipped in December to the slowest annual growth rate since 2012, said Real Capital Analytics, New York.

Big Box Store Cap Rates Increase as Sector Evolves

Single-tenant net lease big box store cap rates increased 29 basis points between year-end 2017 and year-end 2018 to 7.04 percent, reported Boulder Group, Northbrook, Ill.

Commercial/Multifamily Briefs

Non-bank direct lender Civic Financial Services, Redondo Beach, Calif., launched CIVIC Multifamily.

People in the News

Berkadia adds Gonzalez and Meeker to Investment Sales team

Berkadia added Directors Michael Gonzalez and Mark Meeker to its Investment Sales team.

MBA News

CREF19 in San Diego Feb. 10-13

The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2019 returns to San Diego Feb. 10-13.

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.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan 202/557-2855 

Editorial Director: Michael Tucker 202/557-2851 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856

Advertising Opportunities: Bill Farmakis 203/834-8832

MBA Commercial/Multifamily NewsLink, a weekly electronic publication, is a member benefit free to employees of MBA member companies, and available by paid subscription to non-members. For membership information, click here.

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