The Lede
Top National News
Revealed: Median Salaries at Some of Real Estate’s Biggest Public Companies
The Real Deal New York, May 17, 2018--Rich BockmannPublic companies are revealing how much typical employees earn for the first time as part of the 2010 Dodd-Frank Act. Typical employees at CBRE make, on average, nearly 20 percent more than their counterparts at JLL.
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Commercial Lending Posts Surprise Uptick in Q1
Scotsman Guide, May 17, 2018--Victor WhitmanThe Mortgage Bankers Association released the findings of its first-quarter survey of commercial/multifamily bankers on Thursday, and it showed that commercial mortgage origination volume unexpectedly rose, compared to last year's first quarter.
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Inflation Is Back (Sort Of)–Is Commercial Real Estate An Inflation Hedge In The ‘New Normal’?
Forbes, May 18, 2018--David PascalFor many years, investors viewed commercial real estate as an inflation hedge. As prices and wages rose, so did rents and therefore values. Now that inflation is back, are we going back to the "old normal," Or will it be different this time?
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Commercial, Multifamily Borrowing Up 1 Percent Annually in U.S.
World Property Journal, May 21, 2018--Michael Gerrity First-quarter 2018 commercial and multifamily mortgage loan originations increased one percent compared to the same period last year and--in line with market seasonality--first quarter originations were thirty-three percent lower than fourth-quarter 2017.
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CBRE’s Head of Americas Research Offers a Contrarian View on Retail REITs
National Real Estate Investor, May 21, 2018--John EganCBRE's Spencer Levy cautioned that industrial and multifamily will confront short-term supply headwinds and stressed that retail has been unfairly pummeled.
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Blackstone to Buy LaSalle Hotel Properties for $3.7 Billion
Wall Street Journal, May 21, 2018--Austen Hufford (subscription)Blackstone Group LP, a large private-equity firm, has reached a deal to buy U.S. luxury hotel owner LaSalle Hotel Properties for about $3.7 billion, the companies said on Monday.
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Foreign Investors Shrug Off Miami’s Rising Sea Levels
NPR, May 21, 2018--Roben FarzadThe seas are rising, frequently flooding the streets even when no storms are on the horizon. But that hasn't stopped foreign investors from shelling out big dollars for Miami real estate.
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The Long View: Why Real Estate Tech Won’t Kill the Middleman
The Real Deal New York, May 22, 2018--Konrad PutzierNot too long ago, it seemed like the real estate business was about to enter a new era. To some observers, websites like Zillow and Trulia or office equivalents 42Floors and LoopNet threatened to put brokers out of business. Fast forward a few years, and the opposite seems to be taking place: well-funded startups are currently in a quest to add more and more intermediaries to real estate deals.
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Stability Encumbers CMBS Market
Commercial Property Executive, May 22, 2018--Paul FiorillaForged out of crisis and sharpened during a cycle of frenetic activity, the commercial mortgage-backed securities market is struggling to adjust to a period of relative calm.
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Dealmaker of the Week
People in the News
News and Trends
Mortgage Servicers Earn MBA Education CCMS Designation
MIAMI--Eight mortgage servicers earned Certified Commercial Mortgage Servicer designations here at the Mortgage Bankers Association CREF Servicing and Technology Conference 2018.
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‘Miami 21’ Zoning Overhaul Brings Activity, Connectivity
MIAMI--The complete overhaul of Miami's zoning code was not easy, but it was worth it, Miami Director of Planning and Zoning Francisco Garcia said here at the MBA Commercial/Multifamily Servicing and Technology Conference.
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Erin Berry Joins MBA as Associate Vice President of Legislative Affairs
The Mortgage Bankers Association hired Erin Berry as Associate Vice President of Legislative Affairs, responsible for representing MBA's legislative and policy issues on Capitol Hill, with a primary focus on Democratic members of the U.S. Senate.
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House Passes Reg Relief Bill; President Expected to Sign
The House passed a Mortgage Bankers Association-supported regulatory relief bill Tuesday, marking the first substantive change to the Dodd-Frank Act since its 2010 passage. The bill included High Volatility Commercial Real Estate Reform.
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Mortgage Servicers Earn MBA Education CCMS Designation
MIAMI--Eight mortgage servicers earned Certified Commercial Mortgage Servicer designations here at the Mortgage Bankers Association CREF Servicing and Technology Conference 2018.
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Mortgage Servicers Earn MBA Education CCMS Designation
MIAMI--Eight mortgage servicers earned Certified Commercial Mortgage Servicer designations here at the Mortgage Bankers Association CREF Servicing and Technology Conference 2018.
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Commercial/Multifamily Briefs
Buckingham Cos., Indianapolis, announced it closed its first real estate fund, the Buckingham Multifamily Fund I, at $175 million.
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Office Market ‘Stable’ But Transaction Volume Slips
Transwestern, Houston, said the U.S. office market showed continued growth in early 2018 as vacancies remained stable for the sixth consecutive quarter.
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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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