Propmodo, Oct. 20, 2021–Kyle HagertyInvestors looking for gains in commercial real estate have been left scratching their heads as the ongoing global pandemic turns the sector upside down. As traditional …
Group Newslink: MBA Commercial/Multifamily NewsLink Oct. 21 2021
Cushman & Wakefield to Buy 40% Stake in Greystone Multifamily Business for $500 Million
Wall Street Journal, Oct. 20, 2021–Peter Grant (subscription)Commercial real estate services giant Cushman & Wakefield PLC agreed to pay $500 million for a 40% stake in the rental apartment lending …
Underwater: Values on Dozens of U.S. Malls Slashed by More Than 70% During Pandemic
MarketWatch, Oct. 20, 2021–Joy WiltermuthShoppers might be back at malls, but property values on dozens of U.S. shopping centers are deeply distressedhttps://www.marketwatch.com/story/underwater-values-on-dozens-of-u-s-malls-slashed-by-more-than-70-during-pandemic-11634748553
Princeton Club of NYC on Life Support After Defaulting on Mortgage
Bloomberg, Oct. 20, 2021–Matthew BoyleThe Princeton Club of New York, a midtown oasis for Ivy League alumni, could soon be without a home after $40 million in mortgage debt went …
To Build Back Better, Congress Should Encourage Real Estate Investment, Not Restrict Options (MBA Op-Ed)
The Hill, Oct. 20, 2021–Diane Tomb, CEO of the American Land Title Assoc. and Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers AssociationTax season may still be months …
Housing Is the Great Endangered Necessity of the Build Back Better Bill
The New Republic, Oct. 20, 2021–Maya WileyEveryone talks about universal pre-K and childcare, and they should. But the housing money in the bill—while still not nearly enough—would at least start …
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. For more information, click …
Off-Market Sales Gain Traction with CRE Owners and Buyers
Wealth Management Real Estate, Oct. 19, 2021–Jenn ElliottThe disruption caused by the pandemic made off-market transactions more attractive for both investors and potential sellers.https://www.wealthmanagement.com/multifamily/market-sales-gain-traction-cre-owners-and-buyers?
FHFA Raises Multifamily Loan Purchase Caps for 2022
Financial Regulation News, Oct. 18, 2021–Dave KovaleskiThe Federal Housing Finance Agency set the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac at $78 billion for each. (MBA …
Secondary Markets Drive Office Leasing Uptick in Q3
GlobeSt.com, Oct. 15, 2021–Lynn PollackGross leasing volume approached 40 million square feet in the quarter for the first time since the onset of the pandemic.https://www.globest.com/2021/10/15/secondary-markets-drive-office-leasing-uptick-in-q3/?