Where in the Cycle Are We?

Several factors can give commercial real estate practitioners reason for optimism, but there are reasons for concern, said Green Street Advisors, Newport Beach, Calif.

Commercial/Multifamily Template

SunTrust Banks, Atlanta, announced it sunset the Pillar Financial brand name effective April 30.

Manhattan Office Market Activity Cools

Manhattan’s office market experienced some cooling in early 2018 after several consecutive quarters of positive absorption in 2017, reported Transwestern, Houston.

Commercial/Multifamily Briefs

Waterton, Chicago, closed its latest multifamily value-add investment fund, Waterton Residential Property Venture XIII with $920 million of equity commitments, surpassing its $750 million target. The firm launched the fund in fall 2016 and held its final closing on April 18.

CMBS Exposure to Distressed Retailers Grows

Although the number of distressed retailers will likely rise as the retail sector evolves, their credit effect on U.S. commercial mortgage-backed securities should remain limited, reported Moody’s Investors Service, New York.

Near-Term CRE Outlook ‘Promising’

U.S. commercial real estate industry performance will likely be stronger than previously anticipated through 2018, said the Urban Land Institute, Washington, D.C.

CREF Highlights

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

HUD Proposes Multifamily Rent Reform

HUD yesterday proposed changes intended to offer multifamily property owners, public housing authorities and HUD-assisted families a simpler and more transparent set of rent structures.