The Lede
Top National News
REIT, Sleep, Repeat
Forbes, June 4, 2018--Brad Thomas CoStar Managing Director Hans Nordby said publicly traded real estate investment trusts are "substantially" cheaper than private real estate. "Clearly, there is a disconnect. Either REITs are too cheap, which could represent a buying opportunity, or conversely, private real estate could be too expensive, in which case property owners would be well served to sell, to avoid losses."
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Multifamily Investors Face a Cutback in Loan Size
National Real Estate Investor, June 5, 2018--Bendix Anderson Rising interest rates are already making a difference for apartment properties. Borrowers can no longer secure the large permanent loans that have become used to.
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In the Pipeline: These 4 Construction Conditions are Cementing Multifamily Industry Trends
HousingWire, June 1, 2018--Jeremiah JensenAll signs point to a multifamily market that is cementing into stable growth. Rents are rising at a more sustainable rate than they have in recent years; capital is flowing into the industry; construction is tapering off to a sustainable level; and demand is strong.
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Sears Will Close 72 More Stores, After Quarterly Drop In Sales Of Nearly 12 Percent
NPR, May 31, 2018--Bill ChappelSears Holdings Corp., which controls Sears and Kmart, says it has "identified approximately 100 non-profitable stores, 72 of which will begin store closing sales in the near future," in the latest sign of the retailer's struggles to stay afloat.
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Dealmaker of the Week
People in the News
News and Trends
Hotel Deal Pace ‘Going Strong’
U.S. hotel transaction volumes approached $12 billion through April, up 93 percent compared to the same time last year, reported JLL, Chicago.
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CMBS Credit Quality Shows Some ‘Echoes’ of 2007
Commercial mortgage-backed securities credit quality deteriorated in the first quarter, as more than three-quarters of loans in multiple-borrower bonds were backed by interest-only mortgages, said Moody's Investors Service, New York.
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CRE Participants Increasingly Believe Risk Outweighs Return
Commercial real estate investors increasingly believe the risk involved outweighs CRE market returns, reported Situs RERC, Houston.
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MBANow: Fowler Williams, CMB
The Mortgage Bankers Association released a new MBANow video featuring Fowler Williams, CMB, President and CEO of Crescent Mortgage Co., Atlanta, on the benefits of MBA membership, the power of the CMB designation and the impact of MBA's recent advocacy wins.
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Deal Volume Suggests CRE ‘Resilience’
Commercial real estate transaction volume totaled $107 billion in the first quarter, down from late 2017 but up compared to a year ago, reported Real Capital Analytics and Ten-X.
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MBANow: Fowler Williams, CMB
The Mortgage Bankers Association released a new MBANow video featuring Fowler Williams, CMB, President and CEO of Crescent Mortgage Co., Atlanta, on the benefits of MBA membership, the power of the CMB designation and the impact of MBA's recent advocacy wins.
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MBANow: Fowler Williams, CMB
The Mortgage Bankers Association released a new MBANow video featuring Fowler Williams, CMB, President and CEO of Crescent Mortgage Co., Atlanta, on the benefits of MBA membership, the power of the CMB designation and the impact of MBA's recent advocacy wins.
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Commercial/Multifamily Briefs
Calkain Cos. LLC, a commercial real estate brokerage firm focused on net leased assets, launched NetCMG, a new capital markets division designed to address the needs of larger institutional and private-market clients with transactions ranging from $15 million to $100 million.
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