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Volume 17 | Issue 36 | Thursday, September 05, 2019

The Lede

 

CRE Properties Make Energy-Efficiency Progress

The commercial real estate industry has made significant progress over the past 10 years in reducing carbon emissions and energy consumption while increasing asset value, reported the Urban Land Institute, Washington, D.C.

 

Top National News

 
10 Steps to Housing Finance Reform

MReport, Sept. 1, 2019--Brian O'Reilly
While the public debate has often envisioned and emphasized the need for legislative action, that avenue has been, and continues to be, an uphill battle in an unprecedented partisan political landscape. (MBA mention)

Analyzing Commercial Real Estate Investments in a Falling Interest Rate Environment

Houston Business Journal, Sept. 4, 2019--Chase Cribbs
As we move through the third quarter with expectations growing for another rate cut in September, it will be interesting to see how much further cap rates may compress and if commercial real estate asset prices increase, understanding that interest rates are only one of the variables that determine asset pricing.

Overseas Investors Unload U.S. Real Estate

Wall Street Journal, Sept. 3, 2019--Esther Fung (subscription)
Amid a maturing property market cycle and rising uncertainties in geopolitics and the global economy, foreign investors have sold more U.S. commercial real estate than they bought in a quarter for the first time since 2013.

Dealmaker of the Week

 
Dealmaker: Berkadia Completes $33M Sale; Secures $27M for Michigan Multifamily

Berkadia completed the sale of and secured financing for Hillside Forest, a garden-style multifamily property in Oakland County, Mich.

People in the News

 
Bellwether Enterprise Appoints Patton Executive Vice President, National Director of Agency Relationships

Bellwether Enterprise Real Estate Capital LLC hired Jeff Patton as Executive Vice President and National Director of Agency Relationships based in Birmingham, Ala.

News and Trends

 
MBA Names Kelli Burke Vice President of Commercial Real Estate Finance

The Mortgage Bankers Association appointed Kelli Burke as Vice President of Commercial Real Estate Finance. Her responsibilities will include leading MBA's CREF member engagement activities across the various sectors within the industry, creating content development for MBA's CREF-related conferences and convened meetings and developing best practices and business intelligence tools for members.

Tracking Potential Multifamily Risks

Multifamily fundamentals remain healthy, demonstrated by record second quarter absorption. But the sector faces some threats, analysts said.

Office Sector Sees Weakest Growth Outlook Among Property Types

Ten-X, Irvine, Calif., said the office sector has the weakest growth outlook of all commercial real estate sectors despite the current strong job market.

Opportunities in an Evolving Retail Sector

An evolving retail sector is providing opportunities for investors and giving underwriters more confidence in retail's long-term outlook, said Marcus & Millichap, Calabasas, Calif.

Commercial/Multifamily Briefs

LGIS Group, Atlanta, signed an agreement with commercial insurance agency Tanner, Ballew & Maloof. TBM will now include LGIS's commercial property loan insurance in its range of commercial property, casualty products and premium finance services.

MBA News

 
MBA Education CRE Basics: Underwriting Retail and Valuation Begins Sept. 16

MBA Education's CRE Basics: Underwriting Retail and Valuation course, which starts Sept. 16, introduces the underwriting process associated with retail centers.

MBA Education/Dechert Webinar Oct. 8: Navigating the LIBOR Transition Within CRE

Join MBA Education and Dechert on October 8 from 2:00-3:30 PM ET for a unique training opportunity. This webinar, complimentary for MBA members, will convene various subject matter experts to explore the LIBOR transition process and how to prepare for it.

MBA Education CCMS Written Exam Prep Course Starts Oct. 11

MBA Education's Commercial Certified Mortgage Servicer Written Exam Prep Course begins Friday, Oct. 11 and will run through Friday, Nov. 22.

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.