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Volume 17 | Issue 20 | Thursday, May 16, 2019

The Lede

 

MBA: 1st Quarter Commercial/Multifamily Originations Up 12 Percent

Commercial and multifamily mortgage loan originations rose by 12 percent in the first quarter from last year but fell from the fourth quarter, the Mortgage Bankers Association reported.

 

Top National News

 
Tech in the CRE Space--a Talk with Bruce Oliver

Mortgage Media, May 10, 2019
Bruce Oliver, MBA associate vice president of commercial real estate finance policy, says the commercial real estate space trails the residential space when it comes to making use of new technology to any large degree--but that's going to change.

Q1 Commercial/Multifamily Originations Up 12 Percent YoY

National Mortgage Professional, May 14, 2019--Phil Hall
Commercial and multifamily mortgage loan originations during the first quarter were up by 12 percent on a year-over-year basis but were down 34 percent from the previous quarter, according to data from the Mortgage Bankers Association.

Why Amazon Is Gobbling Up Failed Malls

Wall Street Journal, May 9, 2019--Video (subscription)
As the decline of brick and mortar retail rolls on, commercial real estate developers are left with massive abandoned properties. Who will fill that underutilized space? A series of recent acquisitions by associates of Amazon in Northeastern Ohio provides some clues.

Dealmaker of the Week

 
Berkadia Secures $80M for Multifamily

Berkadia, New York, secured $79.6 million for multifamily assets in Virginia and Florida.

People in the News

 
Red Mortgage Capital Hires Greene

Red Mortgage Capital, Columbus, Ohio, hired D. Edward Greene as Chief Underwriter for Affordable Housing.

News and Trends

 
Change is the Only Constant

LOS ANGELES--The world is changing at an increasing rate, and servicing professionals need to be prepared, Brian Stoffers, CMB, CBRE Global President of Debt and Structured Finance and MBA Chair-Elect said here at the MBA Commercial/Multifamily Servicing & Tech Conference.

Mortgage Servicers Earn MBA Education CCMS Designation

LOS ANGELES--Eight mortgage servicers earned Certified Commercial Mortgage Servicer designations here at the Mortgage Bankers Association CREF Servicing and Technology Conference.

Opportunity Zone Activity Likely to Surge

The Treasury Department released its long-awaited Opportunity Zone program guidance last month, which JLL, Chicago, said will make it easier for fund managers to raise capital and for developers to begin construction.

Demand for Small-Cap Space Declines

Low demand overshadowed an otherwise solid first quarter for small-cap commercial real estate properties, reported Boxwood Means, Stamford, Conn.

Strong Demand, Tight Supply Change Industrial Outlook

As the industrial sector sizzles, developers have started re-purposing obsolete assets such as vacant big-box stores and old office buildings, said Avison Young Chair and CEO Mark Rose.

Multifamily Most Favored Property Type

Multifamily assets should offer the most favorable investment opportunity this year, followed by industrial properties, said Deloitte and Situs RERC.

Report Says Hotel Profit Growth Harder to Come By

Though U.S. hotel profits increased again last year, it is growing increasingly difficult for managers to remain profitable as expenses increase, said CBRE Hotels, Atlanta.

Commercial/Multifamily Briefs

Business process transformation firm SLK Global Solutions will offer customized tax services for commercial mortgage servicers through its Real Estate Tax Service Platform.

MBA News

 
MAA Action Week May 13-17

The Mortgage Action Alliance, MBA's free grassroots lobbying network, will hold its fourth annual Action Week May 13-17.

MBA Education Webinar: Technology & CRE Finance--Where Are We & Where Are We Headed? May 29

Join MBA Education for an informative webinar, Technology & CRE Finance: Where Are We & Where Are We Headed?, on Wednesday, May 29 from 2:00-3:30 p.m. ET.

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.