The Lede
Top National News
Apartment Building Buyers Unmoved by Interest Rate Hike
National Real Estate Investor, Dec. 20, 2016--Anderson, Bendix
It's easy to assume that higher interest rates will naturally lead buyers of apartment properties to demand higher yields on their investments. But investor yields and interest rate often move in different directions.
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Times Square Landlords Seek Tenants With ‘Experience’
Wall Street Journal, Dec. 18, 2016--Morris Keiko
Times Square's flashy retail scene is known for its hordes of tourists drawn to Broadway shows, mass-market shopping options and kitsch. But asking rents have plunged 18% as more shopping moves online. That has prompted landlords to seek out more "experiential retail," such as food and entertainment venues, and more interactive elements in stores.
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Tom Perkins’s Penthouse in Sinking Millennium Tower Sells
Wall Street Journal, Dec. 16, 2016--Taylor, Candace
Buyer Craig Ramsey said he paid a 'very reasonable' $13 million for the unit in the San Francisco building, which has been beset by reports that it is sinking and tilting.
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Commercial Real Estate Market is Mixed Since the Elections
Richmond (Va.) Times-Dispatch, Dec. 19, 2016--Little, Andrew
For an industry highly dependent on leverage, the election's fallout is hard to decipher.
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How to Evaluate Investment Opportunities in CRE Marketplace Lending
National Real Estate Investor, Dec. 21, 2016--Bechtel, Gary
The search for yield is leading to great growth in marketplace lending--nearly 700 percent over the past four years.
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UPS Takes a Stake in Retail Returns Specialist Optoro
Wall Street Journal, Dec. 20, 2016--Smith, Jennifer
United Parcel Service is investing in a logistics provider that helps companies take back and resell returned merchandise--an increasingly costly burden for retailers as consumers take their shopping online.
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Dealmaker of the Week
People in the News
News and Trends
MBA Office Closures Next Week
Offices of the Mortgage Bankers Association will close on Dec. 23 will remain closed until Tuesday, Jan. 3, 2017.
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Freddie Mac: Third Consecutive Quarter of Multifamily Growth
Multifamily investing fundamentals grew stronger in the third quarter, reported Freddie Mac, McLean, Va.
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Commercial, Multifamily Prices Grow in November
Commercial and multifamily property prices both continue their rising trends, two reports said yesterday.
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Hotel Pipeline Grows as Sector Slows
The hotel pipeline grew more than 20 percent year-over-year--and the sector is sensitive to shocks, which the upcoming supply wave could magnify, analysts said.
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CBRE: E-commerce Returns Changing Industrial Real Estate
Without question, e-commerce has changed the retail sector--but it might change industrial real estate even more, said CBRE, Los Angeles.
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