The Lede
Top National News
CMBS Delinquency Rate Continues to Plunge
National Mortgage Professional, June 5, 2019--Phil HallThe commercial mortgage-backed securities delinquency rate published by Trepp LLC hit another post-financial cross low in May, falling 16 basis points to 2.66 percent.
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Regional Banks Grow Their CRE Footprints
Multi-Housing News, May 30, 2019--Jeffrey SteeleAccording to the Mortgage Bankers Association, commercial and multifamily mortgage bankers closed a record $574 billion of mortgages in 2018. Of that total, commercial bank and savings institutions made up the largest investor group, responsible for $174 billion.
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Blackstone Starts Selling Out of Home-Rental Empire
Wall Street Journal, May 29, 2019--Ryan Dezember (subscription)The private-equity firm late Tuesday sold more than $1 billion of shares of Invitation Homes Inc., the giant single-family home landlord it launched following the financial crisis in a wager that many Americans would be willing to rent the suburban lifestyle they could no longer afford to own.
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Four Ways The Trade Wars Are Undermining Commercial Real Estate
Forbes, June 4, 2019--Jeff LevinHere are four ways the trade wars have affected commercial real estate markets across the country and how the industry can address them.
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Not All Lenders are Equally Prepared for LIBOR Change
Mortgage Professional America, June 5, 2019--Steve RandallThere is a fair amount of uncertainty about the mechanics of the transition away from LIBOR and an overall hesitation as many firms wait for others to lead the way, the Mortgage Bankers Association said.
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The Mall Meltdown Continues
Wall Street Journal, June 3, 2019--Elizabeth Winkler (subscription)Mall-based retailers reported dismal earnings last week, reminding investors of the sector's fundamental problems.
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2019 Rising Star: Amber Lawrence
HousingWire, June 3, 2019Amber Lawrence is associate director of education operations and programming at the Mortgage Bankers Association. As a core member of the organization's education leadership team, Lawrence manages its professional certification and designation programs. Working alongside the CMB Leadership Society, Lawrence currently oversees the curriculum of more than 730 active CMBs.
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Dealmaker of the Week
People in the News
News and Trends
MBA, Trade Groups Renew Push for Flood Insurance Program Extension
With the National Flood Insurance Program slated to expire yet again, the Mortgage Bankers Association and other industry trade groups pressed Congress to move forward with legislation approving an extension through September.
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Gradual Slowdown Seen in Hotel Performance
The hotel sector faces declining occupancy in both 2020 and 2021 as supply increases faster than demand, predicted CBRE Hotels, Atlanta.
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Industrial Assets Lead CRE Price Growth
U.S. commercial real estate prices rose 0.8 percent in April, led by industrial property price growth, reported Real Capital Analytics, New York.
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Investor Sentiment Slipping
Commercial real estate investors appear to be growing more conservative as the real estate cycle lengthens.
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Commercial/Multifamily Briefs
LGIS Group, Atlanta, launched commercial property loan insurance for commercial real estate, similar to private mortgage insurance in residential mortgage lending.
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Report Sees Robust Office Sector Absorption
Despite steadily growing new office supply, robust absorption held the sector's vacancy rate steady at 13.7 percent in April, said Yardi Matrix, Santa Barbara, Calif.
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