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Volume 17 | Issue 11 | Thursday, March 14, 2019

The Lede

 

MBA: 2018 Commercial/Multifamily Mortgage Debt Climbs 6.8%

The Mortgage Bankers Association this morning reported commercial/multifamily mortgage debt outstanding at the end of 2018 rose by nearly 7 percent to $3.39 trillion.

 

Top National News

 
MBA: Commercial, Multifamily Mortgages Continue Performing Historically Well

HousingWire, Mar. 8, 2019--Ben Lane
According to newly released data from the Mortgage Bankers Association, delinquency rates on commercial and multifamily mortgages remained near historic lows during the fourth quarter, just as they did all year.

Hudson Yards Bets $2 Billion a New Manhattan Mall Can Succeed

Bloomberg, Mar. 7, 2019--Lily Katz, Kim Bhasin
The Shops at Hudson Yards, opening to the public March 15, has been given the herculean task of luring consumers to what was once a commercial desert-a section of Manhattan's West Side hemmed in by a commuter rail yard and the massive Jacob Javits Convention Center.

Some CRE Investors Switch Up Strategies as They Weigh Risk

National Real Estate Investor, Mar. 12, 2019--Kerry Curry
Investors are increasingly underwriting deals with more conservative assumptions in the late stage of the cycle.

Dealmaker of the Week

 
Dwight Capital Closes Four Loans Totaling $129M

Dwight Capital, New York, closed four two 223(f) loans totaling $128.9 million in Nevada, North Carolina, Indiana and Texas.

News and Trends

 
mPower Moment Conversation with Freddie Mac Multifamily's Deborah Jenkins

The Mortgage Bankers Association released an mPower Moment interview with Freddie Mac Executive Vice President and Head of Multifamily Deborah Jenkins.

CREF Corner Office Conversation with Situs's Steven Bean

The Mortgage Bankers Association released an interview with Situs Executive Managing Director Steven Bean.

Investors Look to Secondary Markets, Alternative Assets

The search for yield this late in the cycle is enticing more commercial real estate investors into secondary markets and alternative assets, analysts said.

CMBS Delinquency Rate Falls Below 3%

The commercial mortgage-backed securities delinquency rate crossed another threshold in February, falling below 3 percent for the first time since May 2009, reported Trepp, New York.

'Cautious Yet Confident' Hotel Sector

"Cautious yet confident" can describe current hotel investor sentiment, reported JLL, Chicago.

Office Sector Growth Spreads

Office sector growth is spreading to secondary and tertiary metros as the cycle matures, reported Institutional Property Advisors, Calabasas, Calif.

Commercial/Multifamily Briefs

CBRE, Los Angeles, acquired Florida Valuation Group, a commercial real estate appraisal firm that specializes in right-of-way appraisal and litigation support related to eminent domain proceedings in the Southeast.

People in the News

 
Real Estate Attorney Osborne Joins Ballard Spahr in L.A.

Tamara Osborne, an attorney with more than 20 years' experience in affordable housing and community development law, joined Ballard Spahr in the firm's Los Angeles office.

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.

CREF Market Intelligence Symposium in New York July 10-11

The Mortgage Bankers Association CREF Market Intelligence Symposium cuts through the clutter to provide hard facts about the state of commercial real estate markets--what we do and don't know.

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.