HousingWire, Aug. 22, 2019–Kelsey RamirezMortgage originations in commercial and multifamily surged 10% annually in the second quarter, according to the Mortgage Banker Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Category: Top National News
Global Commercial Real Estate Shifts Could Benefit Puerto Rico Economy
Caribbean Business, Aug. 26, 2019–Jose Alvarado Vega Puerto Rico’s commercial real estate sector has the potential to be a big contributor to the island’s post-hurricane economic recovery, due to a combination of technological innovations in manufacturing and retail logistics, as well as to the disruption of global supply chains as a result of the ongoing U.S.-China trade war, said real estate economist Kiernan K.C. Conway.
The Western States CREF Conference is More Dynamic than Ever
Mortgage Professional America, Aug. 26, 2019–Kimberly GreenPlanning the same conference for more than two decades could put an organizing committee in a bit of a rut. Rather than featuring the same old panel discussions on industrial, multifamily, and office, however, the California Mortgage Bankers Association organizing committee behind the annual Western States Commercial Real Estate Finance conference listened to their members on the ground.
Life Companies Find CRE Lending Opportunities in a Volatile Market
National Real Estate Investor, Aug. 20, 2019–Beth Mattson-TeigLife insurance companies have maintained a steady appetite for commercial real estate debt over the past several years. And some see recent interest rate volatility as an opportunity to edge out the competition.
Department Stores See Worst Drop Since Macy’s Last Cut Its Outlook
Bloomberg, Aug. 14, 2019–Janet FreundU.S. department store stocks cratered Wednesday after Macy’s cut its annual outlook, fueling the worst trading day for the index since the last time the Bloomingdale’s parent slashed its forecasts in January.
Can the American Dream Mega-Mall Succeed in a Changing Retail World?
National Real Estate Investor, Aug. 8, 2019–Liz WolfThe $5 billion American Dream mall project in New Jersey is betting big on entertainment components. Can it succeed?
HUD Expands Section 220 Program to All Opportunity Zones
National Mortgage Professional, Aug. 9, 2019–Phil HallFHA’s Section 220 Program insures lenders against loss on mortgage default and has been used for urban rental housing in areas targeted for overall revitalization. HUD’s announcement expands eligibility of mortgages insured under this program to all 8,764 Opportunity Zone localities, including those in rural areas.
Commercial Real Estate Prices Stumble in Global Capitals
Wall Street Journal, Aug. 14, 2019–Esther Fung (subscription)Commercial property prices in major cities around the world tumbled in the second quarter amid signs of slower global growth and heightened trade tension between China and the U.S., said Real Capital Analytics.
The Strength Of Workforce Housing As An Investment Class
Forbes, Aug. 14, 2019–Elie ReiderAs the real estate cycle lengthens and property prices continue to rise, many commercial real estate professionals across the country are finding it challenging to identify value-add acquisition opportunities. One of the few exceptions to this rule is workforce housing.
Mall Landlords Weigh Becoming Lenders to Blunt Retail Apocalypse
Bloomberg, Aug. 7, 2019–Laruen Coleman-Lochner, Eliza Ronalds-HannonMall landlords accustomed to offering rent reductions to ailing retailers are mulling a new strategy to forestall the industry’s collapse: positioning themselves as lenders to tenants struggling to stay afloat.