Wall Street Journal, Apr. 11, 2022–Eric Niller (subscription)Architects and builders are turning to ‘mass timber’–an engineered wood product similar in strength to concrete and steel–to build multistory buildings. It is …
Group Newslink: MBA Commercial/Multifamily NewsLink April 14 2022
Closure of a Kmart in Avenel, N.J., Leaves Only a Handful of Stores Left
Associated Press/NPR, Apr. 11, 2022One of the last Kmart stores, this one in Avenel, N.J., will close this weekend, leaving the once-giant chain with just three operating stores.https://www.npr.org/2022/04/11/1092048292/kmart-avenel-new-jersey-closes-as-retail-giant-nears-extinction
Home Builders Bypassing Individual Home Buyers for Deep-Pocketed Investors
Wall Street Journal, Apr. 11, 2022–Will Parker (subscription)Investors who buy and then rent new homes are fast becoming a favorite customer of the home builder industry. However, investors holding billions …
Publicly Traded REITs Enjoyed a Strong Bounce Back in March
Wealth Management Real Estate, Apr. 11, 2022–David BodamerThe year got off to a rocky start with two straight months of declining total returns, but real estate investment trusts ended the …
U.S. Bank Earnings to Decline in First Quarter
Reuters, Apr. 8, 2022–David HenryBig U.S. banks are expected to show a sharp decline in first quarter earnings from a year ago, when they benefited from exceptionally strong dealmaking and …
A Big Leadership Shakeup at Fannie Mae
HousingWire, Apr. 8, 2022–Georgia KromreiFannie Mae CEO Hugh Frater and Sheila Bair, the chair of its board, both announced they will resign from the mortgage finance behemoth May 1. Antony …
MBA Chart of the Week Apr. 8, 2022: Top Commercial/Multifamily Originators
MBA’s Commercial Real Estate/Multifamily Finance Firms – Annual Origination Volumes annual report presents a comprehensive set of listings of commercial/multifamily mortgage originators, their volumes and the different roles they play.
MBA Education Webinar Apr. 19: Technology Investment–Keeping Pace with Your Peers
MBA Education presents a webinar, Technology Investment–Keeping Pace with Your Peers, on Tuesday, Apr. 19 from 2:00-3:00 p.m. ET. This sponsored webinar will discuss how modern workflows, AI and better …
MBA State Commercial Mortgage Licensing Resources
The Mortgage Bankers Association has updated its state-by-state compilation of commercial/multifamily mortgage licensing requirements. The updated resource is a no-cost, member-only benefit that is updated annually. It covers state requirements …