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Volume 17 | Issue 30 | Thursday, July 25, 2019

The Lede


Retail Sector Fending Off Worst Fears

Despite fears of an impending retail apocalypse, the sector has been able to ward off the worst of the predictions so far, reported Reis, New York.


Top National News

The City That Never Deletes: How New York City Became a Real Estate Data Mecca

Commercial Observer, July 22, 2019--Nicholas Rizzi
Data, the fuel on which so much of the technology and appraisal of real estate runs, is up-to-date and in abundant supply in New York City, but still living in the dark ages in the rest of the country.

California Is Divided Over Development Amid Severe Housing Shortage

NPR, July 18, 2019--Darius Rafieyan
California's governor wants cities in his state to build more housing, but some of them don't appear to be moving fast enough. The state has taken Huntington Beach to court.

Fed's Beige Book Shows 'Widespread Concerns' on Tariffs--But Positive Economic Outlook

MarketWatch, July 17, 2019--Greg Robb
Business contacts were generally positive through early July about the economic outlook for the coming months despite "widespread concerns about the possible negative impact of trade-related uncertainty," according to the "Beige Book" survey released by the Federal Reserve on Wednesday.

Dealmaker of the Week

Berkadia Arranges $44M in Apartment Construction Financing

Berkadia, New York, announced $44 million in construction financing for Point of View Apartments, a proposed Draper, Utah, multifamily development.

People in the News

Axiom Capital Corp. Hires Bruno

Pier-Luca Bruno joined Axiom Capital Corp., Clifton Park, N.Y., as Senior Vice President of Business Development. He will develop and manage existing and new client relationships in the northeast and nationally.

News and Trends

CREF Corner Office Conversation with New York Life's Tim McGinnis

The Mortgage Bankers Association released an interview with New York Life Investors Managing Director Tim McGinnis.

JLL: Record Dry Powder; Sourcing Deals a Challenge

JLL, Chicago, said private equity real estate fundraising started 2019 strong, registering the highest fundraising figure since the Great Recession.

CMBS Special Servicing Rates Diverge

The commercial mortgage-backed securities special servicing rate settled down in June after two "roller coaster" months, but drilling deeper reveals an interesting trend, reported Trepp, New York.

Tech Job Growth Moving to Smaller Markets

Tightening availability of tech talent in leading markets is spurring hiring momentum in smaller markets as tech employers seek additional labor pools, said CBRE, Los Angeles.

CRE Professionals Confident in Activity Through Year-End

Mortgage banking and investment sales professionals remain bullish on the commercial real estate market and are turning their attention toward affordable housing as an emerging asset class, said Berkadia, New York.

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 (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.

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

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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