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Big-Box Retailers: How Are They Being Repurposed and Who Are the Major Players Taking Them Over?

Big-Box Retailers: How Are They Being Repurposed and Who Are the Major Players Taking Them Over? Big-box stores were once hailed as the future of retail, but in 2019, they’re rapidly becoming part of the past. Given that these huge structures usually required costly infrastructure changes — like new roadwork and high-demand utility connections — when they were built, it would be wasteful to simply abandon or demolish them. With more than 10.4 billion square feet of retail space measured in 2016, there’s a ... Read more

California SB 721: The “Deck and Balcony Inspection” Bill

California SB 721: The "Deck and Balcony Inspection" Bill In September 2018, a bill commonly referred to as the "deck and balcony inspection" bill (Senate Bill No. 721) was approved in California, establishing inspection for exterior elevated elements and their associated waterproofing elements of multi-unit residential buildings with three or more dwelling units. This took effect on January 1, 2019, and was in response to a 2015 balcony collapse in Berkeley, California, that killed six people and injured seven. An investigation into ... Read more

Industry Forecast: What to Expect for Commercial Real Estate in 2019

Industry Forecast: What to Expect for Commercial Real Estate in 2019 With a growing economy that’s on track to have the longest period of expansion in decades, if not centuries, the strength of the U.S. commercial real estate market is likely to continue. A recently published report from Deloitte highlights what to expect within the industry throughout 2019, and agility is key. Investor confidence is strong, but there have been shifts in where that capital is going. Here are three key takeaways to help prepare for ... Read more

FHFA Released New Green Lending Requirements for 2019

FHFA Released New Green Lending Requirements for 2019 On November 6, 2018, the Federal Housing Finance Agency (FHFA) announced that the 2019 multifamily lending caps for Fannie Mae and Freddie Mac (the Enterprises) will be $35 billion for each Enterprise, unchanged from the 2018 caps. Additionally, the FHFA set new requirements for exclusion from the multifamily cap loans that finance energy- or water-efficiency improvements through Fannie Mae’s Green Rewards and Freddie Mac’s Green Up/Green Up Plus programs. Click here for the official press release. To ... Read more

New Tax Law a Win for Commercial Real Estate

New Tax Law: A Win for Commercial Real Estate If you’re not already investing in commercial real estate, maybe you should be. The Tax Cuts and Jobs Act of 2017, signed into law last December, represents the most significant and sweeping US tax reform of the last 30 years and is generally viewed as a big win for the commercial real estate (CRE) industry. While it may take years to see the law’s full effects, certain new provisions will have substantive impact ... Read more

A Refresher on the HUD CNA e-Tool

Helping you Streamline the HUD CNA e-Tool Process Download the current version of the CNA e-Tool here: https://www.hud.gov/program_offices/housing/mfh/cna/atu Validate the CNA e-Tool here: https://webapps.hud.gov/CNAeTool/faces/CnaValidation CNA e-Tool instruction: https://www.hud.gov/sites/documents/INSTRUCTFORCNATOOL.PDF   The Value of the CNA e-Tool The Capital Needs Assessment (CNA) e-Tool automates and standardizes the preparation, submission, and review of a capital needs assessment. As of February 1, 2018, use of the CNA e-Tool is mandatory for all Federal Housing Administration (FHA) multifamily mortgage insurance applications, Rental Assistance Demonstrations (RAD) conversions, and 10-year update capital needs assessments ... Read more

New UST Regulations Compliance Deadline

EPA's 2015 Underground Storage Tank Regulations Compliance Deadline Is October 2018 New Underground Storage Tank (UST) regulations may soon apply to USTs in your state. In some states, new regulations impacting the way USTs are installed and managed are already in effect. On July 15, 2015, the EPA published new 2015 UST regulations that strengthened existing 1988 UST regulations. The new regulations increased emphasis on properly operating and maintaining UST equipment to prevent and detect UST releases—a leading source of groundwater contamination in ... Read more

It’s A Good Time To Be Green

It's A Good Time To Be Green Green Financing for Multifamily Housing For just over a year, the Fannie Mae Green Rewards and Freddie Mac Green Advantage programs have been running at full speed. Both programs offer attractive benefits, in the form of pricing discounts and underwriting of cost savings, to borrowers looking to purchase or refinance a multifamily property.  Borrowers are incentivized to make energy- and water-saving improvements to their properties, and the benefit is multifaceted. Borrowers both save money over the ... Read more