The Lede
Top National News
Hudson Yards Bets $2 Billion a New Manhattan Mall Can Succeed
Bloomberg, Mar. 7, 2019--Lily Katz, Kim BhasinThe Shops at Hudson Yards, opening to the public March 15, has been given the herculean task of luring consumers to what was once a commercial desert-a section of Manhattan's West Side hemmed in by a commuter rail yard and the massive Jacob Javits Convention Center.
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Some CRE Investors Switch Up Strategies as They Weigh Risk
National Real Estate Investor, Mar. 12, 2019--Kerry CurryInvestors are increasingly underwriting deals with more conservative assumptions in the late stage of the cycle.
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MBA: Commercial, Multifamily Mortgages Continue Performing Historically Well
HousingWire, Mar. 8, 2019--Ben LaneAccording to newly released data from the Mortgage Bankers Association, delinquency rates on commercial and multifamily mortgages remained near historic lows during the fourth quarter, just as they did all year.
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News and Trends
‘Cautious Yet Confident’ Hotel Sector
"Cautious yet confident" can describe current hotel investor sentiment, reported JLL, Chicago.
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Commercial/Multifamily Briefs
CBRE, Los Angeles, acquired Florida Valuation Group, a commercial real estate appraisal firm that specializes in right-of-way appraisal and litigation support related to eminent domain proceedings in the Southeast.
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CMBS Delinquency Rate Falls Below 3%
The commercial mortgage-backed securities delinquency rate crossed another threshold in February, falling below 3 percent for the first time since May 2009, reported Trepp, New York.
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Investors Look to Secondary Markets, Alternative Assets
The search for yield this late in the cycle is enticing more commercial real estate investors into secondary markets and alternative assets, analysts said.
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Office Sector Growth Spreads
Office sector growth is spreading to secondary and tertiary metros as the cycle matures, reported Institutional Property Advisors, Calabasas, Calif.
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CREF Corner Office Conversation: Steven Bean From Situs
The Mortgage Bankers Association released an interview with Situs Executive Managing Director Steven Bean.
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mPower Moment Conversation with Freddie Mac Multifamily’s Deborah Jenkins
The Mortgage Bankers Association released an mPower Moment interview with Freddie Mac Executive Vice President and Head of Multifamily Deborah Jenkins.
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CREF Corner Office Conversation: Steven Bean From Situs
The Mortgage Bankers Association released an interview with Situs Executive Managing Director Steven Bean.
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CREF Corner Office Conversation: Steven Bean From Situs
The Mortgage Bankers Association released an interview with Situs Executive Managing Director Steven Bean.
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