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Volume 17 | Issue 12 | Thursday, March 21, 2019

The Lede

 

Data Center Demand--and Supply--Grows

Strong data and technology demand pushed the North American wholesale data center market to records for both demand and supply in 2018.

 

Top National News

 
U.S. Commercial, Multifamily Mortgage Debt Climbs to $3.39 Trillion in 2018

World Property Journal, Mar. 19, 2019--Michael Gerrity
According to the Mortgage Bankers Association's latest Commercial and Multifamily Mortgage Debt Outstanding quarterly report for 2018, the level of commercial and multifamily mortgage debt outstanding in the U.S. at the end of 2018 was $216 billion (6.8 percent) higher than at the end of 2017.

Multifamily and CRE Loan Debt Sees Largest Rise Since Housing Bubble

National Mortgage News, Mar. 14, 2019--Paul Centopani (free article)
Commercial and multifamily mortgage debt outstanding grew 6.8% in 2018, benefiting from strong employment numbers and strained inventory, according to the Mortgage Bankers Association.

Is San Francisco the World's Most Expensive Rental Market?

HousingWire, Mar. 15, 2019--Caroline Basile
Spoiler alert: yes. Yes, it is.

Dealmaker of the Week

 
Cohen Financial Arranges $28M for Retail, Hotel Assets

Cohen Financial, Chicago, arranged $28.1 million for a North Carolina retail center and a Chicago hotel.

News and Trends

 
LIBOR to SOFR Transition Questions and Answers

The Mortgage Bankers Association recently interviewed MetLife Managing Director Reena Pally about the transition away from LIBOR to a successor index for floating-rate loans.

JLL to Acquire HFF in $2B Deal

Jones Lang LaSalle agreed to acquire HFF in a cash and stock transaction value at nearly $2 billion.

SFR Returns Growing But Uneven

Buying single-family houses to rent them out is more appealing to investors now than a year ago, reported ATTOM Data Solutions, Irvine, Calif.

C&W Predicts Continued CRE Strength, Liquidity

Three themes anchor the U.S. commercial real estate investment outlook: U.S. economic performance, cycle maturity and the monetary policy outlook, said Cushman & Wakefield, New York.

Apartment Rent Growth Hits 10-Month High

Apartment rent prices grew at their fastest rate in 10 months in February after decreasing last fall for the first time in years, reported Zillow, Seattle.

'Super Commuters,' At-Home Workers on the Rise

Defined as commuters who travel more than 90 minutes each way to work, "super commuters" have increased by nearly 32 percent since 2005, according to Apartment List. Over the same period, the number of Americans who work from home has seen an even sharper increase of 76 percent.

Commercial/Multifamily Briefs

Collateral Analytics, Honolulu, launched a new automated valuation model to help lenders monitor commercial property values and provide access to CRE valuations.

People in the News

 
HFF Hires Tonnessen in New York

Holliday Fenoglio Fowler, L.P. hired Bob Tonnessen as a director focused on debt and equity placement transactions in its New York office.

MBA News

 
Capital Markets Summit in New York April 10

The Mortgage Bankers Association Capital Markets Summit brings together the wider commercial real estate finance industry to learn about growing capital sources such as debt funds and mortgage REITs.

Commercial/Multifamily Human Resources Roundtable in Washington, D.C. April 10-11

The Mortgage Bankers Association's peer group for Human Resources professionals from commercial and multifamily real estate finance firms will meet in Washington, D.C. on April 10 and 11.

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.