Commercial Real Estate News Wrap Up: March 17, 2016

March 17, 2016

A new report shows that the self-storage sector did phenomenal business in 2015. Even with increased development, experts say that the market has room to grow. Marc A. Boorstein, a principal at, MJ Partners, the company that produced the report, said that if the economy continues to chug along self-storage is an “excellent play” for investors. Boorstein also said the sector has been resistant to economic downturns. “Investors can have the best of both worlds,” he said.

By now everyone is aware of the slowdown in CMBS lending. National Real Estate Investor explained what was going on in a recent story. “CMBS issuance year-to-date, as of March 10, has been a paltry $12.4 billion, compared to $27.0 billion for the same time period in 2015,” the website reported. They pulled back the curtain to show what’s going on with CMBS lenders as well as where liquidity in the market is coming from as an alternative for borrowers.

Commercial and multifamily mortgage debt is increasing at a faster pace but proportion of leading types is changing. “…debt held in agency and GSE portfolios and MBS, and on bank balance sheets, grew more than in any previous year on record,” Jamie Woodwell, VP of commercial estate research at MBA, told Globest.com. “At the same time, the amount of mortgage debt held in CMBS continued to decline.” REITs, commercial banks and thrifts saw and increase in holdings of commercial/multifamily mortgages.

8+1 (That’s 9) Things You Need To Know

  1. Pros discuss new tech in CRE
  2. First Real Estate Sale with Bitcoin Occurs in Denmark
  3. CREtech Conference DisruptCRE Returns to Lower Manhattan
  4. Uncertainty around FOMC decisions on interest rates
  5. Top execs bullish on real estate
  6. Industrial demand heats up in South Bronx
  7. What does FRTB Mean for the CMBS Industry?
  8. Tightening job market sparks hope wages will grow
  9. Slideshow: 12 real estate game changers of the 21st century