All Eyes On Washington: What Will the Next Stimulus Bill Do for CRE?
Mortgage Bankers Association President & CEO Bob Broeksmit, CMB, joined Walker & Dunlop Chairman and CEO Willy Walker on July 29 to discuss the stimulus bill being crafted in Washington, D.C. and its impact on the multifamily, mortgage and commercial real estate industries.
MBA Shares Recommendations With CFPB Regarding LIBOR Transition
The Mortgage Bankers Association shared recommendations with the Consumer Financial Protection Bureau regarding the bureau’s proposed rule to amend Regulation Z to facilitate the transition away from LIBOR.
MBANow: MBA SVP Mike Flood Discusses Rental Assistance
Mortgage Bankers Association Senior Vice President of Commercial/Multifamily Mike Flood joined MBANow to discuss the CARES Act’s unemployment benefits and rental assistance.
Fiorilla: Tourism Metros Slow to Recover from COVID
Tourism and energy were among the sectors to bear the early brunt of COVID-19, as shelter-in-place orders that started in March closed many office buildings and entertainment venues around the country.
Keeping Current with CRE–What To Read to Stay Up to Speed
As employees return to their desks wherever those may be--hopefully with a summer vacation or staycation in the mix--there continues to be much in flux in the commercial real estate ecosystem. Below is a list of industry publications for anyone that wants to learn about or stay abreast of the latest market trends and developments as they continue to unfold.
MBA, Trade Groups Ask Congress to Extend Troubled Debt Restructurings Relief Period
The Mortgage Bankers Association and a half-dozen other industry trade groups this week asked Congress to extend the “covered period” under the Troubled Debt Restructurings relief under section 4013 of the CARES Act.
Multifamily Market Musings by Sharon Walker
The multifamily lending markets are ripe with interesting developments this year, whether it be MBA’s latest research on 2019 multifamily lending, the downward shift in apartment rental rates or ongoing responses to the need to address societal inequality.
FFIEC Issues Joint Statement on Additional Loan Accommodations Related to COVID-19
The Federal Financial Institutions Examination Council issued a joint statement on additional loan accommodations related to COVID-19 on Monday.
Dealmaker: Gantry Arranges $29M for Arizona Industrial Assets
Gantry, San Francisco, arranged $28.9 million in financing for two Class A Arizona industrial buildings.
Personnel News from Walker & Dunlop, Marcus & Millichap
Walker & Dunlop and GeoPhy appointed Nicole Urquhart-Bradley as Chief Operating Officer and Managing Director of their multifamily appraisal business, Apprise.
Retail-to-Industrial Conversions Accelerate, Driven by E-Commerce
Nearly 14 million square feet of retail space has converted to industrial space since 2017--a trend likely to increase as e-commerce expands and industrial rents increase, said CBRE, Los Angeles.
Office Sector Woes Continue
Analysts say the pandemic shutdown and millions of job layoffs are weighing heavily on the office sector.