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New MBA Council Focuses on Commercial Real Estate
National Mortgage Professional, Oct. 23, 2018--Phil HallThe new body, which will replace the MBA's Investor Council, is designed to formulate ideas about investment in commercial real estate debt. It will also present information on market trends and develop best practices and industry standards. Council members will include professionals from life insurance companies, banks, securitized lenders, debt funds and government-backed capital sources.
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Proposition 10, Which Would Expand Rent Control, is ‘in Deep Trouble,’ Poll Shows
Los Angeles Times, Oct. 19, 2018--Liam DillonRobert Shrum, co-director of USC's Center for the Political Future and a longtime Democratic strategist, said the numbers don't look good for the initiative. The election is less than three weeks away, and landlord-backed opponents of the measure are significantly outspending supporters.
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Alarm Bells for CRE Lenders after Bank OZK’s Bad Quarter
National Mortgage News, Oct. 19, 2018--John Reosti (subscription)Bank OZK in Little Rock, Ark., did more than stub its toe when it reported lower profit tied to two big chargeoffs. The $22 billion-asset company may have lost the confidence of investors for the foreseeable future, even though management used an earnings call to passionately defend its heavy reliance on commercial real estate lending, where the chargeoffs took place.
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Stuck in Neutral: CMBS Issuance Stalls Amid Stiff Competition
National Real Estate Investor, Oct. 24, 2018--Beth Mattson-TeigCommercial mortgage-backed securities lenders are working harder to retain market share in a highly competitive sector where the overall pie for conduit lending doesn't appear to be getting any bigger.
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Is It Time to Invest in CRE Debt?
National Real Estate Imvestor, Oct. 23, 2018--Joseph Iacono, Kim DiamondTen years have passed since the global financial crisis and the last commercial real estate downturn. In a market that is likely approaching its cyclical peak, it is time for global investors seeking a portfolio hedge to move out of commercial real estate equity and into debt.
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Big Builders Jump Into ‘Financing Gap’ to Fuel NYC Construction Boom
Bloomberg, Oct. 19, 2018--Natalie Wong, Justina VasquezNew York developer Silverstein Properties Inc. built a $4 billion pipeline of real estate deals just weeks after starting. None of the money was for buildings it will own.
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