Bloomberg, Mar. 22, 2017–Caleb Melby; David KocieniewskiThe Manhattan tower co-owned by the family of Jared Kushner, President Donald Trump’s son-in-law, has been losing money for three years and faces increasing loan fees in 2017, which may explain why the family has been negotiating with Chinese insurance behemoth Anbang on new financing.
Category: Top National News
MBA 2017: Q&A with Hunt Mortgage Group President & CEO James Flynn
Multi-Housing News, Mar. 6, 2017–Sanyu KyeyuneHunt Mortgage Group President & CEO James Flynn caught up with Multi-Housing News at the Mortgage Bankers Association CREF/Multifamily Housing Convention & Expo in San Diego to share his views on regulatory reform, competition among capital providers and the future of multifamily lending.
MBA Supports Flood Insurance Reform Legislation
National Mortgage Professional, Mar. 10, 2017–Phil HallIn a letter to leaders of the Senate and House, the Mortgage Bankers Association announced its backing of S. 563 and H.R. 1422, both named the Flood Insurance Market Parity and Modernization Act.
Can Supermarkets Save Dying Suburban Malls?
Washington Post, Mar. 10, 2017–Thomas HeathFor decades, department stores such as Macy’s and Sears have anchored sprawling suburban malls. Now as their business has languished and they board up shop, another sort of tenant is trying its luck in their place: grocers.
Hotel Overbuilding Softens New York, Hurts Austin, Crushes Oklahoma
National Real Estate Investor, Mar. 12, 2017–Bendix AndersonNew construction is hurting the hotel business in markets across the country.
Chinese Now The Largest Group Of Foreign Investors In U.S. Commercial Real Estate
Forbes, Mar. 14, 2017–Ellen ShengChinese investors were the single largest group of foreign investors in commercial real estate in the U.S. last year, with deal volumes reaching a record high of $19.2 billion, up 10 percent from $17.3 billion in 2015.
8 Top Women in Mortgage Finance Offer Career Encouragment, Advice
The Home Story (Fannie Mae), Mar. 8, 2017–Cathie Ericson”Listen to your own voice and do not dismiss your thoughts,” says Marcia Davies, COO of the Mortgage Bankers Association.
Housing Fears Confirmed: Trump Budget Considers $6 Billion Cut to HUD Funding
HousingWire, Mar. 9, 2017–Kelsey RamirezThis cut would go towards Trump’s goal to cut domestic spending by $54 billion, and could decrease HUD’s budget 14% to $40.5 billion in fiscal 2018, which begins in October.
Manhattan Rents Fall for Every Apartment Size, Even Studios
Bloomberg, Mar. 9, 2017–Oshrat CarmielRents fell last month for Manhattan apartments of all sizes, the first across-the-board price decline in at least four years, as a construction boom brought more buildings to market and allowed some tenants to leave for bigger or newer units.
Key Takeaways: The CREF/MBA Conference 2017
HospitalityNet, Mar. 13, 2017–Brett E. Russell; Desiree M. FlanaryDavid Stevens, MBA president and CEO, put it starkly: “If you thought ’86 was a big deal, I encourage you to buckle up”–a reference to the 1986 Tax Reform Act and its ill effects on commercial real estate well into the next decade.