U.S. apartment demand spiked during the second quarter as occupancy climbed to nearly 96 percent, said RealPage, Richardson, Texas.
New York Condo Conversions Near the End, a Casualty of Rent Reform
Wall Street Journal, July 8, 2019--Josh Barbanel, Will Parker (subscription)
Foreign Investors Slow Down U.S. Hotel Acquisitions
National Real Estate Investor, July 9, 2019--Sebastion Obando
This Startup Wants to Sell You a Slice of a Rental Home
Wall Street Journal, July 8, 2019--Ryan Dezember (subscription)
JLL Income Property Trust Acquires San Diego Medical Office Campus
JLL Income Property Trust, Chicago, acquired Genesee Plaza, a two-building medical office campus in San Diego's University Town Center neighborhood.
Phillips Realty Capital Hires Shaw
Phillips Realty Capital hired Malcolm Shaw as a managing director in its Bethesda, Md. headquarters. He will be part of the production team, structuring debt and equity financing for the privately owned mortgage banking firm's commercial real estate clients.
Office Sector 'Sluggish' Despite Economic Growth
Last week the U.S. economy entered its longest expansion in history. Yet the office market remains "sluggish," noted Reis Chief Economist Victor Calanog.
June CMBS Delinquency Rate Increases
The commercial mortgage-backed securities delinquency rate saw a rare increase in June, but that figure comes with a "footnote," reported Trepp, New York.
Growing Investor Demand for Seniors Housing
Investor appetite for seniors housing is growing. Nearly two-thirds of investors plan to increase their buying over the next 12 months, said CBRE, Los Angeles.
Single-Tenant Net Lease Cap Rates Drop Across Sectors
Single-tenant net lease cap rates fell across the board in the second quarter, reported The Boulder Group, Northbrook, Ill.
A group of New York-based net lease investment professionals based launched a national commercial real estate brokerage firm, SAB Capital.
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 (P2D) Scholarship Program can now also be used towards six upcoming MBA conferences where attendees can obtain Continuing Professional Education (CPE), Continuing Legal Education (CLE) or Society of Human Resource Management (SHRM) credits. The scholarships were previously only available for courses offered by MBA Education.