National

The Pacific Oak Companies will work together to facilitate the acquisition, disposition and management of commercial real estate and commercial real estate related investment products.

The spinoff of commercial real estate services firm Newmark Group is expected to become effective on Nov. 30, BGC reports. The stock distribution will be to BGC stockholders of record as of the close of business on Nov. 23, 2018 (the record date).

Apparently it is also rebranding Crystal City as National Landing.

The national portfolio owned by New York City-based MCR and BLT of Stamford, CT, encompasses 5,958-guestrooms at 53 Marriott and Hilton select service and extended stay hotels located in 15 states and 31 markets.

It is expected to announce shortly that it will split its headquarters between Crystal City and Queens.

Under the terms of the GRP I joint venture, Northwestern Mutual will acquire an 85% interest in the 17-center portfolio which is currently valued at $368 million.

Borrowers typically have misconceptions about the CMBS process. These are the ones that I am seeing this year.

In 2019, for the first time this cycle, student housing construction will likely fall below 40,000 beds per year.