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Volume 17 | Issue 18 | Thursday, May 02, 2019

The Lede

 

Institutional-Quality CRE Returns Grow; Cap Rates Reach Historic Lows

Institutional-quality commercial real estate returned 1.8 percent in the first quarter, up significantly from 1.38 percent in late 2018, the National Council of Real Estate Investment Fiduciaries reported.

 

Top National News

 
Millennials Tried to Kill the American Mall, But Gen Z Might Save It

Bloomberg, Apr 25, 2019--Jordyn Holman
Perhaps the biggest surprise about teenagers: They love the shopping mall. Around 95 percent of them visited a physical shopping center in a three-month period in 2018, as opposed to just 75 percent of millennials and 58 percent of Gen X.

Housing Costs Growing Faster For Low-Income Families

Houston Public Media, Apr. 29, 2019--Florian Martin
Housing costs are growing faster for those with lower incomes, according to a study by Apartment List.

Borrowers Cash in on Competitive Debt Fund Space

National Real Estate Investor, Apr. 30, 2019--Beth Mattson-Teig
Borrowers are taking advantage of the crowded debt fund space to find good deals on short-term bridge loans. Competition has heated up in the past six months on financing transitional assets that have a renovation plan or a value-add component, especially those that have in-place cash flow.

Dealmaker of the Week

 
Newmark Knight Frank Secures $404M Office Refinancing

Newmark Knight Frank, New York, arranged a $404 million floating-rate loan to refinance 32 Old Slip in Manhattan.

People in the News

 
JLL Hotels Hires Mahl

JLL Hotels & Hospitality hired Michele Mahl as Executive Vice President, focusing on full-service and resort hotel investment sales.

News and Trends

 
Ernie Jolly Joins MBA as Associate Vice President of Legislative Affairs

The Mortgage Bankers Association announced Ernie Jolly joined the Association as Associate Vice President of Legislative Affairs, responsible for advocating on behalf of MBA's legislative and policy priorities on Capitol Hill, with a primary focus on Democratic members of the House of Representatives.

MBA Chart of the Week: Commercial Real Estate Mortgage Debt Outstanding and LIBOR

Within commercial real estate finance markets, a LIBOR transition would have broad--and varied--impacts.

Arbor: Small-Balance Multifamily Well Positioned in Case of Downturn

Small-balance multifamily assets should be well positioned to survive the next financial downturn, reported Arbor, Uniondale, N.Y.

Hotel Performance Falls Below Predictions

The U.S. hotel industry saw positive but below expected first quarter results, reported STR, Hendersonville, Tenn.

Gap Between Net Lease Retail Buyers, Sellers Shrinks

The gap between buyer and seller expectations is narrowing in the single-tenant net-leased retail sector, analysts said.

Senior Housing Investment Outlook Positive Despite Slowdowns

Senior housing investment and construction slowed in early 2019, but investors remain confident in the sector's long-term outlook, said Real Capital Markets, New York.

Commercial/Multifamily Briefs

Northstar Commercial Partners, Denver, launched the $125 million Northstar Integrity Growth Fund in partnership with Integrity Trust, Colorado Springs, Colo.

MBA News

 
MBA Recognizes Premier Members

MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.

MBA Recognizes Select Members

MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry.

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.

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.