Commercial/Multifamily Briefs

Macerich, Santa Monica, Calif., launched BrandBox as a way for digital-native brands to open and operate brick-and-mortar stores and scale physical retail as a complement to e-commerce.

MBA Offers Recommendations on HVCRE Exposures

The Mortgage Bankers Association weighed in yesterday on proposed changes to the High Volatility Commercial Real Estate risk-based capital rule, offering recommendations on implementation issues and expressing concerns about certain rule interpretations.

Prepare for a New Cap Rate Era

Though cap rates have mostly declined since 2000, market indicators suggest the declining cap rate era is ending and moderate cap rate expansion is likely, said RCLCO, Bethesda, Md.

Commercial/Multifamily Briefs

Walker & Dunlop, Bethesda, Md., acquired iCap Realty Advisors, an Atlanta mortgage banking firm based that places debt for all commercial real estate asset classes.

Opportunity Zones Could Trigger $100B in Investment

Opportunity Zones created by last December’s Tax Cuts and Jobs Act could cause up to $100 billion could be deployed over the next several years, analysts say.

MBA Offices Closed Next Thursday, Friday

The Mortgage Bankers Association will be closed Thursday, Nov. 22 and Friday, Nov. 23 in observance of Thanksgiving. MBA Commercial/Multifamily NewsLink will not publish next week.

CREF Highlights

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

MBA Chart of the Week: Multifamily Lending in 2017

The multifamily mortgage market is large and diverse, with 2,554 lenders making 44,623 loans totaling a record $285 billion in 2017 involving loans ranging in size from thousands of dollars to hundreds of millions of dollars.