New York Times, Feb. 26, 2019–Mihir ZaveriOregon is poised to become the first state in the nation to impose statewide limits on how much landlords can raise rents after state lawmakers passed a sweeping measure on Tuesday.
Category: Top National News
CBRE Launches New Co-Working Business, Taking on WeWork
Wall Street Journal, Feb. 19, 2019–Peter Grant (subscription)CBRE Group and other big brokers are trying to muscle their way into the increasingly crowded but lucrative co-working business, aiming to help landlords create their own flex-space companies that cut out middlemen like WeWork Cos.
Amazon Drops Plans to Build Headquarters in New York City
Washington Post, Feb. 14, 2019–Robert McCartney, Jonathan O’ConnellThe company issued a statement saying it did not intend to reopen its search for a second headquarters at this time, but would continue with plans to put at least 25,000 jobs in Arlington in Northern Virginia and 5,000 in Nashville. New York was scheduled to get 25,000 jobs under the original announcement in November, which split the 50,000 jobs for a second headquarters between New York and Virginia.
MBA CREF 2019: Experts Share Expectations for Loan Originations
Connect Commercial real Estate, Feb. 16, 2019Connect Media attended MBA CREF 2019 in San Diego last week to interview EBI Consulting’s Dan Spinogatti, Greystone’s Ana Ramos, Hunt’s Josh Messier, CapitalSource’s Tom Whitesell, NorthMarq’s Warren Hitchcock, Red Capital’s Tracy Peters and Alliant’s Charles Krawitz about their expectations for 2019 loan originations.
New ‘Opportunity Zones’ Give Investors Big Tax Breaks
Orange County Register, Feb. 14, 2019–Jeff LazersonTaxpayers facing a capital gains tax payment can defer the tax by investing in one of more than 8,700 economically depressed “opportunity zones.” Here are some of the rules.
Multifamily Sector, Energizer Bunny Share Common Trait, Says MBA’s Woodwell
RE Business Online, Feb. 13, 2019–Matt ValleyThe multifamily sector is like the Energizer Bunny, says Jamie Woodwell, vice president of commercial and multifamily research for the Mortgage Bankers Association: “It just keeps going and going and going.”
Top U.S. Commercial Mortgage Servicers of 2018 Revealed
World Property Journal, Feb. 13, 2019–Michael GerrityAccording to the Mortgage Bankers Association’s newly released its year-end ranking of commercial and multifamily mortgage servicers’ volumes (as of December 31, 2018); Wells Fargo leads the national rankings, again.
Lift
MReport, Feb. 8, 2019–Rachel Williams, Krista Franks BrockIntegrity, decisiveness and empowerment. These are the three core qualities of an effective leader, according to Marcia Davies, COO of the Mortgage Bankers Association and creator of mPower, a networking group for women in housing finance, sponsored by MBA.
Facing Opposition, Amazon Reconsiders NY Headquarters Site, Two Officials Say
Washington Post, Feb. 8, 2019–Robert McCartney, Jonathan O’Connell, Patricia SullivanAmazon.com is reconsidering its plan to bring 25,000 jobs to a new campus in New York City following a wave of opposition from local politicians.
BB&T-SunTrust: Three Big Questions
American Banker, Feb. 7, 2019–Paul Davis (subscription)BB&T finally scored the type of deal it has coveted for nearly two decades–a massive acquisition that puts it one step closer to becoming a top-five bank.
