The Lede
Top National News
Top N.Y.C. Commercial Real Estate Deals: Zar Property Scores Midtown Office
New York Business Journal, Mar. 6, 2017--Anthony NotoZar Property NY's $83 million transaction is the top commercial deal for February.
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Taller Buildings Proposed for More of Seattle in Exchange for Affordable Housing
Seattle Times, Mar. 7, 2017--Daniel BeekmanDowntown Seattle and South Lake Union are the next neighborhoods where Mayor Ed Murray wants to allow taller buildings in exchange for help with affordable housing.
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Sentiment on Market Cycle Phase Moves to ‘Peak’ Setting
National Real Estate Investor, Mar. 6, 2017 The percentage of NREI readers who feel this market cycle is at its peak has moved up in February compared to January.
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Once-Skittish Investors Warming Up to Ginnie Mae Servicing Rights
National Mortgage News, Mar. 6, 2017--Bonnie Sinnock (subscription)Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors.
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New Jersey Complex, Once Owned by a Drug Giant, Becomes a Home for Many
Wall Street Journal, Mar. 4, 2017--Keiko Morris (subscription)A sprawling 110-acre, research-and-development complex in Bridgewater, N.J., seemed poised a few years ago to join the growing ranks of suburban New Jersey office campuses left for dead as companies consolidated and moved to big cities. But a joint venture of investors is breathing life into the property.
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CMBS Delinquency Rate on the Rise
National Mortgage Professional, Mar. 2, 2017--Phil HallThe delinquency rate for U.S. commercial real estate loans in commercial mortgage-backed securities reached 5.31 percent in February, up 13 basis points from January, Trepp reported.
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Offices Drive CMBS Delinquency to 18-Month High
Mortgage Daily, Mar. 2, 2017Deterioration in office loan performance droved delinquency on securitized commercial real estate loans to an 18-month high.
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Dealmaker of the Week
People in the News
News and Trends
Moody’s/RCA: Commercial Prices Slip While Multifamily Prices Rise
Commercial property prices decreased 0.2 percent in January while apartment prices rose 0.9 percent, reported Moody's Investors Service and Real Capital Analytics, New York.
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MBA Chart of the Week: Unpaid Balances of Non-Bank Commercial/Multifamily Mortgages
This year marks the end of the so-called "wall" of commercial and multifamily mortgage maturities stemming from 10-year loans made in 2006 and 2007.
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Axiometrics: Multifamily Starts, Permits Move in Opposite Directions
Multifamily permits issued and starts moved in opposite directions again in January, reported Axiometrics, Dallas.
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Ten-X: CRE Activity Increases, But ‘Stormier Waters’ Loom
Commercial real estate investment activity remains strong, but cyclical and political shifts could threaten continued growth, said Ten-X, Irvine, Calif.
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Morningstar: CMBS Payoff Rate Jumps
The final year of the three-year commercial mortgage-backed securities ‘maturity wave' of loans disbursed between 2005 and 2007 started out strongly, reported Morningstar Credit Ratings LLC, Chicago.
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MBA Chart of the Week: Unpaid Balances of Non-Bank Commercial/Multifamily Mortgages
This year marks the end of the so-called "wall" of commercial and multifamily mortgage maturities stemming from 10-year loans made in 2006 and 2007.
Full Story
MBA Chart of the Week: Unpaid Balances of Non-Bank Commercial/Multifamily Mortgages
This year marks the end of the so-called "wall" of commercial and multifamily mortgage maturities stemming from 10-year loans made in 2006 and 2007.
Full Story
CBRE: Hotel Revenue Growth Driven by Overlooked Sources
Less expensive hotels and secondary markets are driving U.S. hotel revenue growth, reported CBRE Hotels, Atlanta.
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CREF Highlights
Commercial and multifamily developments and activities relevant to your business and our industry.
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