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Volume 17 | Issue 2 | Thursday, January 10, 2019

The Lede


MBA 2019 CREF Outlook Survey: Majority of Firms Expect Originations to Increase

Commercial and multifamily mortgage originators expect 2019 to be another strong year in lending activity, according to the Mortgage Bankers Association's 2019 Commercial Real Estate Finance Outlook Survey.


Top National News

MBA: Commercial Lenders Expect a Strong Year

Scotsman Guide, Jan. 8, 2019--Victor Whitman
Commercial lenders remained bullish about the year ahead, a new survey conducted by the Mortgage Bankers Association said.

U.S. Third Quarter 2018 Commercial, Multifamily Loan Data Released by MBA

World Property Journal, Jan. 4, 2019--Monsef Rachid
According to the Mortgage Bankers Association's third quarter of 2018 Commercial/Multifamily DataBook, as researched by Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research; the overall U.S. economic strength in the first three quarters of 2018 has further tightened the job market.

MBA Political Action Committee Raised Record Amount in 2018

National Mortgage News, Jan. 2, 2019--Paul Centopani (free article)
With its bolstered fundraising cache, the Mortgage Bankers Association Political Action Committee should hold an increased influence over the industry's policy and regulation issues in the coming year.

What a Landlord Needs to Know About the New Accounting Rules for Leases

Commercial Observer, Jan. 7, 2019--Steven Kahn
Accounting for leases--always a complex area--has undergone significant changes with the Financial Accounting Standard Board's new leasing standard, which now requires most operating leases of lessees to be placed on the balance sheet as a liability rather than on an income statement.

High Level of New Construction Will Continue to Strain Apartment Demand in 2019

National Real Estate Investor, Jan. 8, 2019--Bendix Anderson
Developers will keep adding pressure on the apartment sector in 2019, with plans to open hundreds of thousands of new luxury units in 2019.

News and Trends

MBA Chart of the Week: Treasury Yield Spreads

The financial markets have been speaking, loudly, indicating significant concerns regarding the growing risk of a recession in the near future.

Apartment Investment Stabilizes in Q3 Following Sharp Declines

The apartment market investment environment held steady in third-quarter 2018 after slipping in the first two quarters, Freddie Mac Multifamily reported Friday.

Office Sector Vacancy Steady; Rents, Absorption Strong

Though the office sector vacancy rate did not move in the fourth quarter, office rents grew and net absorption was strong, reported Reis, New York.

CMBS Delinquency Rate Falls Again; 2018 Issuance Slips

Commercial mortgage-backed securities finished 2018 on a positive note as December's delinquency rate dropped to another post-crisis low, but lower delinquencies could conceal a darker picture in the broader market, analysts said.

Single-Tenant Net Lease Cap Rates Largely Stable

Single-tenant net lease cap rates remained mostly unchanged in the fourth quarter, reported Boulder Group, Northbrook, Ill.

Demographics, Socioeconomics Driving Multifamily Housing Demand

Demographic and socioeconomic factors contributed to significant increases in demand for U.S. rental housing, reported Clarion Partners, New York.

People in the News

Arbor Hires Leiner as Executive Vice President, Chief Technology Officer

Arbor Realty Trust, Uniondale, N.Y., appointed Howard Leiner Executive Vice President and Chief Technology Officer. He will oversee all strategic, operational and technical management of Arbor's enterprise-wide technology infrastructure.

Dealmaker of the Week

Meridian Capital Group Arranges $88M

Meridian Capital Group, New York, arranged $88.1 in financing for multifamily and mixed-use assets in Houston and New York.

MBA News

Deadline Tonight: MBA C/MF Diversity and Inclusion Leadership Awards

Does your company have a Diversity & Inclusion initiative, program or strategy? We want to hear about it; the MBA Commercial/Multifamily Diversity & Inclusion Leadership Award nomination window closes tonight at 11:59 ET.

CREF Connects Regional Event Jan. 24: A View From The Fed

Join MBA staff and your peers on Thursday, Jan. 24 from 5:00 to 7:30 PM in Houston for a discussion on economic growth, inflation and Fed expectations for both.

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.

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

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