The Lede

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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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