The Lede
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California Emergency Laws Stir Worries About Rent Limits
Multi-Housing News, Jan. 24, 2019--Paul FiorillaCalifornia laws that make it illegal for businesses to raise prices sharply in the wake of an emergency create concerns that enforcement might produce a de facto statewide rent control on apartments.
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Commercial Mortgage Market Should Prep for LIBOR Switch Now: MBA
National Mortgage News, Jan. 24, 2019--Elina Tarkazikis (subscription)While the London interbank offered rate won't go dark until 2021, the commercial real estate finance industry should start preparing for the transition now, says the Mortgage Bankers Association.
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Why Mark-Taylor is Shifting Gears in its Multifamily Strategy, Wrapping up $338M in Construction Projects
Phoenix Business Journal, Jan. 27, 2019--Angela Gonzales (Subscripton)As the current development cycle begins to wind down, the developer and property manager is instead setting its sights on acquiring properties. The company's new CEO explains the reasons behind the decision.
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NYC Council Bill Would Save Commercial Landlords Cash in a Property-Tax Appeal
Wall Street Journal, Jan. 27, 2019--Katie Honan (subscription)The New York City Council passed a bill last week that could give thousands of commercial and apartment-building owners in New York City a financial break when they appeal their property-tax assessments.
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Trump Tax Law Gives Landlords 20% Tax Break
Orange County Register, Jan. 24, 2019--Jeff LazersonLast week, the Internal Revenue Service clarified section 199A of the 2017 Trump tax overhaul that offers a plethora of taxpayer benefits to landlords. (MBA mention)
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Commercial Real Estate Lending Had a Banner Year in 2018
France Media, Jan. 28, 2019--Jaime LackeySupply and demand are expected to be strong for commercial loans in 2019, The Mortgage Bankers Association's Commercial Real Estate Finance Outlook Survey said. The majority of lender respondents believe the market will grow this year, though loan risks are expected to edge higher as returns hold steady.
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Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
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Commercial/Multifamily Briefs
Fannie Mae, Washington, D.C., provided more than $65 billion in multifamily financing in 2018 through its Delegated Underwriting and Servicing program.
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MBA Chart of the Week: CMBS Annual Issuance Volume
Issuance of commercial mortgage-backed securities dropped by 12 percent in 2018, to $77 billion.
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MBA Board of Directors Support Opens Doors Foundation in 2018
The MBA Opens Doors Foundation announced it received more than $1.13 million in donations in 2018 from members and member companies of the Mortgage Bankers Association's Board of Directors.
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Report Cites Robust Industrial Sector Activity, Fundamentals
The industrial sector continues its strong run, posting "robust" occupier activity and strong fundamentals in the fourth quarter, Colliers International and CBRE said.
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Office Construction Rebounds as Other Sectors Slip
Last year closed in a "volatile" state for construction, with office sector construction rebounding as other property types declined, reported Reis, New York.
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MBANow: MBA SVP of Commercial Real Estate Finance Tom Kim
MBA Senior Vice President of Commercial Real Estate Finance Tom Kim sat down with MBANow to discuss the outlook for commercial real estate and the upcoming MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2019.
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MBA Chart of the Week: CMBS Annual Issuance Volume
Issuance of commercial mortgage-backed securities dropped by 12 percent in 2018, to $77 billion.
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MBANow: MBA SVP of Commercial Real Estate Finance Tom Kim
MBA Senior Vice President of Commercial Real Estate Finance Tom Kim sat down with MBANow to discuss the outlook for commercial real estate and the upcoming MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2019.
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MBA Chart of the Week: CMBS Annual Issuance Volume
Issuance of commercial mortgage-backed securities dropped by 12 percent in 2018, to $77 billion.
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MBANow: MBA SVP of Commercial Real Estate Finance Tom Kim
MBA Senior Vice President of Commercial Real Estate Finance Tom Kim sat down with MBANow to discuss the outlook for commercial real estate and the upcoming MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2019.
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Hotel Lenders Growing More Cautious
Hotel lenders are growing more cautious and believe asset valuations are at or near peak, sector analysts say.
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