Bloomberg, Mar. 7, 2019–Lily Katz, Kim BhasinThe Shops at Hudson Yards, opening to the public March 15, has been given the herculean task of luring consumers to what was once a commercial desert-a section of Manhattan’s West Side hemmed in by a commuter rail yard and the massive Jacob Javits Convention Center.
Category: Top National News
Some CRE Investors Switch Up Strategies as They Weigh Risk
National Real Estate Investor, Mar. 12, 2019–Kerry CurryInvestors are increasingly underwriting deals with more conservative assumptions in the late stage of the cycle.
MBA: Commercial, Multifamily Mortgages Continue Performing Historically Well
HousingWire, Mar. 8, 2019–Ben LaneAccording to newly released data from the Mortgage Bankers Association, delinquency rates on commercial and multifamily mortgages remained near historic lows during the fourth quarter, just as they did all year.
REITs Take On New Shine Amid Fed’s Softened View on Rates
Wall Street Journal, March 4, 2019 –Jessica Menton (subsription)The Federal Reserve’s dovish tilt this year has been a boon for real-estate shares that were pressured by a threat of higher interest rates. Investors are scooping up REIT shares because of their large dividends and strong earnings growth.
Net Lease: CRE’s Safest Play
National Real Estate Investor, Feb 28, 2019–Beth Mattson-Teig Demand for net lease appears strong across the board from all types of investors.
The Rise of Debt Funds
Commercial Property Executive, Mar. 4, 2019–Paul Fiorilla (MBA mention)The number of debt funds and non-traditional lending sources has grown throughout this cycle. Is that a reflection of temporary market forces or have they become a permanently larger part of the commercial mortgage landscape?
Inclusion, Demographics, and the MBA’s Role
Mortgage Media, Mar. 6, 2019–S.A. IbrahimMarcia Davies read “Women in the Workplace,” a comprehensive study of the state of women in corporate America, with some concern. Davies, chief operating officer of the Mortgage Bankers Association, knows gender and race inequality is not specific to the mortgage industry and is found across corporate America. Changing it is going to take a mindful, focused and purposeful approach at all levels, but especially from leadership.
PNC Gets Commercial/Multifamily Diversity & Inclusion Leadership Award
GlobeSt.com, Feb. 25, 2019–Natalie DolceThe Mortgage Bankers Association selected PNC to receive this year’s Commercial/Multifamily Diversity & Inclusion Leadership Award for making significant strides in gender equality through its Men as Allies program.
Interview with Mike Fratantoni, Chief Economist, Senior Vice President, Research and Industry Technology, Mortgage Bankers Association
Radding’s Report, Feb. 21, 2019 (podcast)Radding’s Rapport welcomes Mike Fratantoni to share his views on current economic trends.Mike is MBA’s Chief Economist and Senior Vice President of Research and Industry Technology.
Banks Are Gearing Up for Another Strong Year in CRE Lending
National Real Estate Investor, Feb. 27, 2019–Beth Mattson-Teig (MBA mention)Despite a dip in mortgage originations in 2018, banks continue to have healthy appetite for CRE lending.