The Lede
Top National News
Anbang Bidding Proves Investors Still Want High-Profile Hotels and Big Portfolios
National Real Estate Investor, July 15, 2019--Bendix AndersonThe frenzied bidding for a portfolio of high-profile luxury hotel properties owned by Anbang Insurance Group shows just how eager investors still are to put their money into full-service luxury hotels in the U.S.--and the bigger the deal, the better.
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Manhattan Condo Slump Starting to Imperil City Developers
Wall Street Journal, July 16, 2019--Konrad Putzier, Esther Fung (subscription)High-rise developers in Manhattan are coming under stress as tough market conditions are starting to undermine some of the city's most prominent luxury condo projects.
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SEC Calls for Orderly Transition Away From LIBOR
National Mortgage Professional, July 15, 2019--Phil HallThe SEC called on market participants to "proactively manage their transition" away from the London Interbank Offered Rate, which is set to expire in 2021. In June, the Mortgage Bankers Association's LIBOR Outreach Committee found 92 percent of commercial and multifamily mortgage lenders it polled have already begun planning for the transition away from LIBOR.
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Insurance Companies Expand Multifamily Financing Options
Colorado Real Estate Journal, July 13, 2019--Cooper WilliamsAccording to research conducted by the Mortgage Bankers Association, the insurance companies' mortgage debt holdings increased by 9% in 2018, which is higher than the overall market average for multifamily debt holdings.
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Dealmaker of the Week
People in the News
News and Trends
Apartments Finish First Half Strong
The first half of 2019 ended "with a flourish" for multifamily real estate, said Yardi Matrix, Santa Barbara, Calif.
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CoreLogic: Single-Family Rent Growth Remains Stable as Employment Growth Strengthens
CoreLogic, Irvine, Calif., reported U.S. single-family rent prices increased 3% year over year in May, with low-end rent prices up 3.5%, compared to high-end price gains of 2.5%.
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Hotel Sector Forecast Downgraded
The hotel sector reported positive results in all three key performance metrics during May, but several analysts downgraded their 12-month forecasts.
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MBA Promotes Lisa Haynes to Senior Vice President, CFO and Chief Diversity/Inclusion Officer
The Mortgage Bankers Association announced promotion of Lisa J. Haynes to Senior Vice President, Chief Financial Officer and Chief Diversity and Inclusion Officer.
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Commercial/Multifamily Briefs
The clock is ticking if you wish to maximize the Opportunity Zone program's advantages, said Cushman & Wakefield.
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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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Life Insurers’ CRE Mortgage Exposure Grows
Fitch Ratings, New York, said U.S. life insurers' exposure to mortgages increased to nearly 13 percent of invested assets at year-end 2018, up from 12.4 percent a year ago.
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MBA Promotes Lisa Haynes to Senior Vice President, CFO and Chief Diversity/Inclusion Officer
The Mortgage Bankers Association announced promotion of Lisa J. Haynes to Senior Vice President, Chief Financial Officer and Chief Diversity and Inclusion Officer.
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MBA Promotes Lisa Haynes to Senior Vice President, CFO and Chief Diversity/Inclusion Officer
The Mortgage Bankers Association announced promotion of Lisa J. Haynes to Senior Vice President, Chief Financial Officer and Chief Diversity and Inclusion Officer.
Full Story