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Volume 17 | Issue 19 | Thursday, May 09, 2019

The Lede

 

Steady Economic Growth Benefiting CRE

The U.S. economy remains healthy, which should benefit commercial real estate property markets at least for the near future, reported Cushman & Wakefield, New York.

 

Top National News

 
Debt Funds: What CRE Investors Need to Know

Commercial Property Executive, May 2, 2019--Matthew Wurtzebach
Understanding how debt funds compete and which are best suited for a particular transaction can add tremendous value to owners' capital structures, Draper & Kramer's Matthew Wurtzebach said.

Fifth Avenue Losing Luster as Vacancies Climb, Rents Fall

Wall Street Journal, May 7, 2019--Esther Fung (subscription)
Global retailers once seemed to pay whatever it took to lease space on Manhattan's Fifth Avenue. That doesn't appear to be the case anymore.

Banks Tighten Standards on Commercial Real Estate, Credit Card Loans

Reuters, May 6, 2019
U.S. banks tightened standards on commercial real estate loans and on credit card borrowing during the first quarter, according to a survey of bank officers published on Monday.

Amazon Says It Will Avoid a Housing Crunch With HQ2 by Planning Better Than It Did in Seattle

Washington Post, May 3, 2019--Robert McCartney, Patricia Sullivan
Amazon said its new second headquarters in Virginia will not aggravate housing problems as much as in Seattle because it will be able to plan for growth in a way that it could not in earlier years in its home base.

Multifamily Borrowers Still Have Lots of Options for Constructions Financing

National Real Estate Investor, May 2, 2019--Bendix Anderson
Banks continue to have an appetite for loans on multifamily construction projects.

Dealmaker of the Week

 
NorthMarq Secures $79M for Multifamily, Industrial

NorthMarq Capital, Minneapolis, secured $79.3 million in financing for apartment and industrial properties in Colorado and California.

People in the News

 
Worsham Joins Marcus & Millichap in Atlanta

Marcus & Millichap hired Keith Worsham in Atlanta as a Senior Managing Director.

News and Trends

 
CREF Highlights

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

CRE Forecast Moderates

The outlook for the economy, real estate capital markets and real estate fundamentals remains positive but will likely moderate over the next three years, said the Urban Land Institute, Washington, D.C.

CBRE: 1st Quarter CRE Lending Index Up 18%

Commercial real estate lending activity started 2019 strong as equity and debt markets were calmed by the Federal Reserve's decision to hold firm on rates, reported CBRE, Los Angeles.

CMBS Delinquency Rates Fall to Post-Crisis Low

The commercial mortgage-backed securities delinquency rate fell six basis points to 2.82 percent in April, the lowest delinquency reading since the 2008 financial crisis.

Positive Office Absorption Streak Stretches

The U.S. office sector secured its 34th consecutive quarter of positive absorption this year as asking rents trended higher, reported Cushman & Wakefield, New York.

Commercial/Multifamily Briefs

Law firm McGuireWoods launched a multidisciplinary team to assist clients with opportunity zone investment and development.

MBA News

 
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.