Multi-Housing News, Jan. 24, 2019–Paul FiorillaCalifornia laws that make it illegal for businesses to raise prices sharply in the wake of an emergency create concerns that enforcement might produce a de facto statewide rent control on apartments.
Category: Top National News
Commercial Mortgage Market Should Prep for LIBOR Switch Now: MBA
National Mortgage News, Jan. 24, 2019–Elina Tarkazikis (subscription)While the London interbank offered rate won’t go dark until 2021, the commercial real estate finance industry should start preparing for the transition now, says the Mortgage Bankers Association.
Why Mark-Taylor is Shifting Gears in its Multifamily Strategy, Wrapping up $338M in Construction Projects
Phoenix Business Journal, Jan. 27, 2019–Angela Gonzales (Subscripton)As the current development cycle begins to wind down, the developer and property manager is instead setting its sights on acquiring properties. The company’s new CEO explains the reasons behind the decision.
NYC Council Bill Would Save Commercial Landlords Cash in a Property-Tax Appeal
Wall Street Journal, Jan. 27, 2019–Katie Honan (subscription)The New York City Council passed a bill last week that could give thousands of commercial and apartment-building owners in New York City a financial break when they appeal their property-tax assessments.
Trump Tax Law Gives Landlords 20% Tax Break
Orange County Register, Jan. 24, 2019–Jeff LazersonLast week, the Internal Revenue Service clarified section 199A of the 2017 Trump tax overhaul that offers a plethora of taxpayer benefits to landlords. (MBA mention)
Commercial Real Estate Lending Had a Banner Year in 2018
France Media, Jan. 28, 2019–Jaime LackeySupply and demand are expected to be strong for commercial loans in 2019, The Mortgage Bankers Association’s Commercial Real Estate Finance Outlook Survey said. The majority of lender respondents believe the market will grow this year, though loan risks are expected to edge higher as returns hold steady.
Here are the Multifamily Lenders that Dominated 2018
HousingWire, Jan. 17, 2019–Kelsey RamirezMost recent data from the Mortgage Bankers Association showed that commercial and multifamily lending hit record highs in 2017; MBA’s latest forecast suggested 2018 would likely be another record year for commercial and multifamily mortgage lending.
Why You Should be Skeptical of Commercial Real Estate
Central Jersey.com, Jan. 21, 2019–Alexis Assadi The lightbulb replaced candlelight. Video killed the radio star. And the internet is gradually usurping commercial real estate.
Tech Boom Drives Silicon Valley Office Market, More Expansions Expected: Report
San Jose Mercury-News, Jan. 23, 2019–George AvalosThe tech boom and the relentless appetite by big companies for more elbow room made 2018 one of the strongest years for office leasing in the last two decades, and the surge is expected to persist in 2019, according to a new commercial real estate report.
Here’s Why the Multifamily Cycle Still Has Room to Run
GlobeSt.com, Jan. 11, 2019–Erika Morphy The market is about to embark on another year of about 300,000 deliveries, making supply the biggest obstacle to rent growth.