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Volume 17 | Issue 41 | Thursday, October 10, 2019

The Lede

 

MBA White Paper Examines Impact of Davis-Bacon Wage Rates, Offers Recommendations

The Mortgage Bankers Association yesterday released a White Paper outlining the nature of practical impact of the current application of Davis-Bacon Act requirements that unnecessarily impede the creation of affordable rental housing and housing preservation under HUD/FHA-financed construction and rehabilitation projects.

 

Top National News

 
No Mortgage: Single-Family Homes Built to Rent, Not to Buy

NPR, Oct. 7, 2019--Chris Arnold
In the past year, developers around the country built more than 40,000 homes as single-family rentals.

The End of Libor: The Biggest Banking Challenge You've Never Heard Of

Reuters, Oct. 8, 2019--Sinead Cruise, Lawrence White
Replacing Libor is proving expensive and tricky with concerns that, if mishandled, it could trigger credit market confusion and waves of lawsuits, finance industry sources said.

Why the U.S. Needs a New Vision for Affordable Housing

Knowledge@Wharton, Oct. 7, 2019
The Knowledge@Wharton podcast interviewed University of Pennsylvania Professor Vincent Reina about improving housing affordability and fairness for renters and owners.

Dealmaker of the Week

 
NorthMarq Closes $37M in Retail, Multifamily

NorthMarq Capital, Minneapolis, closed $36.8 million in retail and multifamily transactions in Florida and Arizona.

People in the News

 
CBRE Appoints Marshall Global Chief Client Officer

CBRE Group, Los Angles, appointed Scott Marshall Global Chief Client Officer.

News and Trends

 
CREF Highlights

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

CRE Prices Grow, Volume Slows

U.S. commercial properties' annual price growth increased in August even as deal volume slid for a second consecutive month, Real Capital Analytics and CoStar reported.

Flexible Office Market Poised for Growth

The flexible office space market should grow significantly over the next decade as flex operators consolidate and forge financial partnerships with building owners, said CBRE, Los Angeles.

Apartment Occupancy, Rents Rise

RealPage, Richardson, Texas, reported U.S. apartment occupancy approached a record level in the third quarter.

Single-Tenant Net Lease Cap Rates Fall Again

Single-tenant net lease cap rates fell across the board in the third quarter, reported The Boulder Group, Wilmette, Ill.

Commercial/Multifamily Briefs

The White House Opportunity and Revitalization Council introduced OpportunityZones.gov, a new information hub for the Opportunity Zones initiative.

MBA News

 
MBA Education Webinars Now Free to MBA Members

Since October 1, all MBA member companies in good standing have more MBA benefits to celebrate, including complimentary access to all online education webinars and webinar recordings.

MBA Education Overview of C/MF Insurance Compliance Oct. 15

Commercial insurance is a dynamic component of real estate finance. Join MBA Education for a webinar covering the various elements of commercial insurance on October 15 from 2:00 to 3:30 ET.

Application Deadline Nov. 15: MBA Education C/MF Future Leaders Program

MBA Education is taking applications for its Commercial/Multifamily Future Leaders Program, an executive leadership development program that delivers a comprehensive curriculum for selected managers who have shown leadership abilities.

MBA Education Multifamily School of Mortgage Banking in Washington, D.C. Feb. 2020

MBA Education's Multifamily School of Mortgage Banking provides a comprehensive and interactive look at the critical elements of multifamily real estate finance.

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

MBA Commercial/Multifamily NewsLink, a weekly electronic publication, is a member benefit free to employees of MBA member companies, and available by paid subscription to non-members. For membership information, click here.

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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.