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‘Basel Is on Life Support’ in Trump Era
National Mortgage News, Nov. 28, 2016--Heltman, John; McKendry, Ian With the election of Donald Trump in the U.S. and an increasingly isolationist mood pervading European banking regulators, the international Basel III accords that underpinned much of the global post-crisis regulatory framework face an uncertain future.
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Recent Income Growth Will Have Limited Benefits for CRE
National Real Estate Investor, Nov. 28, 2016--Bell, Diana  If income growth exceeds inflation, that results in discretionary income, which can help commercial real estate.
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Tallest Skyscraper Planned for City of London Wins Approval
Bloomberg, Nov. 28, 2016--Sidders, Jack; Mayes, Joe The 73-story building, which will include a public viewing gallery and restaurant at the top, as well as enough workspace for 10,000 people, was approved at a vote on Monday. The tower will be constructed by Aroland Holdings Ltd., a closely-held company based in Singapore.
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How the Strategic Opening of Retail Stores Can Revitalize City Neighborhoods
National Real Estate Investor, Nov. 29, 2016--Richardson, Lyneir  The opening of a new retail store or restaurant can quickly bolster a neighborhood.
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Waterfront Towers Reel In Unusual Loan Deal
Wall Street Journal, Nov. 27, 2016--Morris, Keiko The partners behind a gargantuan apartment complex being built on Manhattan's far West Side have nailed down $2.3 billion in construction financing at a time when money from traditional lenders is hard to come by.
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Deutsche, Citi Team Up on Risk-Retention CMBS
Business Recorder/Reuters, Nov. 21, 2016 Deutsche Bank and Citigroup teamed up to offer a new $975 million commercial mortgage-backed securities bond they hope will satisfy new risk-retention rules that take effect next month. The banks plan to keep at least 5 percent of each class of the securitization.
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Fed’s Powell Says Case for Rate Hike Has ‘Clearly Strengthened’
Bloomberg, Nov. 29, 2016--Condon, Christopher; Torres, Craig Federal Reserve Governor Jerome Powell signaled his readiness to raise interest rates, as unemployment and inflation approach the central bank's goals.
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