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Volume 17 | Issue 13 | Thursday, March 28, 2019

The Lede

 

HFF, Wells Fargo Lead MBA 2018 C/MF Origination Rankings

The Mortgage Bankers Association this morning released its 2018 Rankings of Commercial/Multifamily Mortgage Firms' Origination Volumes.

 

Top National News

 
MBA's Thomas Kim: Venture Capital, Startups and Commercial Real Estate: Innovation Potential in a Bespoke Industry

Corporate Real Estate Journal
Thomas Kim, MBA Senior Vice President, recently authored a paper for the UK-based Corporate Real Estate Journal on the role of venture capital, startups and technology-based investments in the commercial real estate industry. 

Complexity and Lack of Standardization Limit CREF Technology

National Mortgage News, Mar. 22, 2019--Paul Centopani (subscription)
Standardized documentation and single-family lending are a natural pairing--or at least a much more natural pairing than exists with commercial and multifamily, where the idea of standardization bumps up against a complex set of variables.

A Recession May Be Coming, but Not for Commercial Real Estate Investors

Barron's, Mar. 25, 2019--Calvin Schnure (free content)
A detailed reading of the historical record indicates three types of excess that have preceded every recession and commercial real estate downturn: overbuilding, overheating and over-indebtedness.

Making Rent-Controlled Properties Work for You

National Real Estate Investor, Mar. 25, 2019--Henry Manoucheri
Communities around the country are instituting rent control laws, creating an environment that drives some multifamily investors out of those markets. But some investors have opted to take on the challenge of buying rent-controlled properties, believing that if handled correctly, such properties offer great opportunity.

A Housing Market Slowdown Could Be Bad News for Renters

Business Insider, Mar. 26, 2019--Gina Heeb
Falling construction activity and housing shortages across the country have priced an increasing number of potential buyers out of the market, driving Americans to rent instead. While lower mortgage rates could pull some in from the sidelines, new tax laws have reduced incentives for Americans to own homes.

Dealmaker of the Week

 
HFF Arranges $104M

Holliday Fenoglio Fowler, Houston, arranged $104.3 million for office, hotel and retail properties in three states.

News and Trends

 
CREF Corner Office Conversation with PSRS's Michael Tanner

The Mortgage Bankers Association released an interview with PSRS Executive Vice President Michael Tanner.

MBA Chart of the Week: MBA Commercial/Multifamily Market Uncertainty Bingo

At this year's MBA Commercial/Multifamily Real Estate Finance (CREF) Convention & Expo in San Diego, more than 3,000 commercial and multifamily real estate finance professionals came together for the industry's largest gathering of the year to hear from expert speakers, network with peers and gauge the state of the CREF industry.

CREF Highlights

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

Incentives Drive Multifamily Investments in Opportunity Zones

A tax advantage included in 2017's tax reform law should lead to a "significant" capital influx to multifamily investments located in Opportunity Zones, said Freddie Mac, McLean, Va.

Digging Deeper on CRE Transaction Volume

Transaction volume is a good indicator of a market's commercial real estate activity, but it may not completely capture pricing trends, said Situs RERC, Houston.

Wells Fargo Securities: Labor Costs Likely to Keep Increasing

There is no relief in sight for the serious shortage of skilled construction workers for commercial real estate projects, said Wells Fargo Securities, Charlotte, N.C.

No Signs of Slowing Multifamily Rent Growth

The multifamily market does not appear to be slowing, and a tight labor market could extend its run, analysts said.

Commercial/Multifamily Briefs

Office real estate investment trusts Cousins Properties, Atlanta, and TIER REIT, Dallas, agreed to combine in a 100 percent stock-for-stock transaction.

People in the News

 
Walker & Dunlop Hires Pratt for Multifamily Small Loans Team

Walker & Dunlop, Bethesda, Md., appointed Christine Pratt Vice President on its small loans team based in Irvine, Calif. She will originate and review small balance loans.

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.

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.