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Co-Working Spaces are Gobbling up Huge Swaths of Real Estate
New York Post, Apr. 23, 2018--Lois WeissOnce a way to quickly lease a floor or two in an office building, shared work spaces have become so hip that businesses are even leasing them for their entire staffs or as satellite offices. That means, in more and more cases, communal offices are competing with traditional commercial real estate properties for the same tenants.
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Big Banks Are Backing Away From Commercial Real Estate
Bisnow, Apr. 22, 2018--Dees StriblingCommercial real estate loans on bank books increased during the first quarter to $2.1 trillion, but the 25 largest banks in the United States saw their commercial real estate loan exposure drop about an annualized 1 percent during the quarter, the Federal Reserve reported.
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Paul Vanderslice Leaving Citi to Become CEO of CCRE
Commercial Observer Apr. 19, 2018--Cathy CunninghamIndustry veteran Paul Vanderslice is leaving his position as co-head of Citigroup's U.S. commercial mortgage-backed securities group after three decades at the bank to become the CEO of CCRE.
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South Korean Investors Pile Into U.S. Commercial Property Debt
Wall Street Journal, Apr. 18, 2018 (subscription)U.S. commercial real estate owners are raking in debt capital from South Korean investors hunting for higher returns and better asset diversification. Some 21 percent of foreign investment in U.S. real-estate debt as of mid-April came from the Asian nation.
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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.
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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.
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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.
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MBANow: MBA Vice President Jamie Woodwell on 2018 Commercial/Multifamily Outlook
The Mortgage Bankers Association released a new MBANow video featuring MBA Vice President of Commercial/Multifamily Research and Economics Jamie Woodwell, who discusses the MBA 2018 Commercial/Multifamily outlook.
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CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
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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.
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MBANow: MBA Vice President Jamie Woodwell on 2018 Commercial/Multifamily Outlook
The Mortgage Bankers Association released a new MBANow video featuring MBA Vice President of Commercial/Multifamily Research and Economics Jamie Woodwell, who discusses the MBA 2018 Commercial/Multifamily outlook.
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MBANow: MBA Vice President Jamie Woodwell on 2018 Commercial/Multifamily Outlook
The Mortgage Bankers Association released a new MBANow video featuring MBA Vice President of Commercial/Multifamily Research and Economics Jamie Woodwell, who discusses the MBA 2018 Commercial/Multifamily outlook.
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