This week in Washington, ongoing COVID-19 relief discussions have reached the commercial real estate borrowing community and their financiers in earnest.
Group Newslink: MBA Commercial/Multifamily NewsLink July 9
Andrew Foster: Preferred Equity Plan for Commercial Real Estate Comes to Washington
This week in Washington, ongoing COVID-19 relief discussions have reached the commercial real estate borrowing community and their financiers in earnest.
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association. http://www.mortgagebankers.org/Advocacy/MortgageActionAlliance
MBA Education School of Multifamily Mortgage Banking Starts July 13
MBA Education School of Multifamily Mortgage Banking webinars take place on Monday – Thursday for three consecutive weeks.
Real Estate CEO Expects ‘Exodus’ of Central Business Districts to Last the Next Two Years
CNBC, July 7, 2020–Tyler CliffordMarcus & Millichap President and CEO Hessam Nadji told CNBC he expects the residential “exodus” from city centers such as New York City to last up …
Layoffs Fell in May to Pre-Coronavirus Levels
Wall Street Journal, July 7, 2020–Eric Morath (subscription)The number of Americans dismissed from their jobs fell sharply in May to match levels recorded before the coronavirus pandemic and related shutdowns …
Rent Cuts Disappearing in Many Markets As Apartment Demand Rebounds
When COVID-19 hit in mid-March, apartment operators quickly cut rents as demand evaporated. Today leasing volumes are “surging” and rent cuts are disappearing quickly in most big U.S. metros, reported RealPage, Richardson, Texas.
Andrew Foster: Preferred Equity Plan for Commercial Real Estate Comes to Washington
This week in Washington, ongoing COVID-19 relief discussions have reached the commercial real estate borrowing community and their financiers in earnest.
Dealmaker: NorthMarq Secures $42M for Multifamily
NorthMarq, Minneapolis, negotiated $42.1 million in financing for New Jersey and Illinois multifamily properties.
Former MBA Treasurer Daniel Mulvihill Passes Away
Daniel F. Mulvihill, Chairman Emeritus of Pacific Southwest Mortgage, San Diego, and former Treasurer of the Mortgage Bankers Association whose pioneering work with MBA helped make the annual CREF Convention & Expo one of the industry’s major commercial real estate conferences, died on July 1. He was 93.