Cap rates in the single-tenant net lease retail and industrial sectors fell once again in the fourth quarter to record lows, reported Boulder Group, Wilmette, Ill.
Category: News and Trends
CMBS Market Musings–Not Out of the Woods?
As the commercial real estate finance market experienced fits and starts last year, no capital source provided more transparency into commercial real estate than CMBS with its monthly investor reporting and credit rating agency coverage creating a window into market performance and challenges for certain retail and hospitality assets.
Dealmaker: Arbor Funds $112M in Fannie Mae Loans
Arbor Realty Trust, Uniondale, N.Y., financed $111.7 million in Fannie Mae loans for properties in six states.
Industry Briefs, Jan. 5, 2021
Simon Property Group, Indianapolis, completed its acquisition of an 80 percent ownership interest in The Taubman Realty Group Limited Partnership, Bloomfield Hills, Mich.
Joe Camerieri–Mortgage Technology in 2021: The Year of AI
As mortgage technology continues to evolve, it needs to look inward, toward manufacturing loan assets to truly streamline the mortgage lending process as we know it.
People in the News Jan. 5, 2021
CBC Mortgage Agency, Cedar City, Utah, promoted Miki Adams to president. Adams takes over from Richard Ferguson, who will work on developing new affordable housing initiatives.
Call for Nominations: MBA NewsLink 2021 Tech All-Star Awards; Deadline Jan. 29
The Mortgage Bankers Association is accepting nominations for the MBA NewsLink 2020 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 29.
Quote
“The housing market performed remarkably well in 2020 despite the volatile economic state. While we can expect to see lingering effects of COVID-19 resurgences and subsequent shutdowns in the early months of 2021, vaccine distributions and stimulus actions should revitalize economic activity and keep home purchase demand and home price growth strong.”
–Frank Martell, president and CEO of CoreLogic, Irvine, Calif.
Servicing View from the C-Suite: A Conversation with Gwen Muse-Evans
MBA NewsLink interviewed GME Enterprises President and CEO Gwen Muse-Evans about mortgage servicing during a pandemic.
MBA Voices: Courageous Conversations with Women of Color Series Begins Jan. 12
The Mortgage Bankers Association introduces a new three-part virtual series, Voices: Courageous Conversations with Women of Color, beginning Tuesday, Jan. 12.