The Lede
Top National News
Minneapolis Fed Chief: Break Up the Too Big to Fail Banks
National Mortgage Professional, Feb. 16, 2016--Hall, Phil
In his first speech as the new president of the Minneapolis Federal Reserve, Neel Kashkari took on a strikingly political edge by complaining about the limits in enforcing the Too Big to Fail aspect of a Dodd-Frank Act. Speaking at the Brookings Institution, Kashkari noted that his regional Fed bank was taking aim at the issue and then challenged Capitol Hill to do the same.
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Warning Light Flashes for the Commercial Property Boom
Wall Street Journal, Feb 16, 2016--Ng, Serena
The financial engine of the market for office buildings, hotels and malls is showing signs of strain, raising questions about the resilience of the commercial real estate boom.
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Hotel Investors Check Out Early
Wall Street Journal, Feb. 16, 2016--Karmin, Craig
Investors are shrugging off the lodging industry's best fundamentals in years to dump hotel stocks, a move that could signal a broader downturn for the commercial real estate sector.
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Apartment Rents Expected to Keep Rising in 2016
National Real Estate Investor, Feb. 16, 2016--Anderson, Bendix
Multifamily rents are likely to keep rising in 2016, just not as fast as before, according to forecasts for the coming year.
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Commercial Mortgages: Evidence of Bullishness Abounds in U.S., Region
Richmond Times Dispatch (Va.), Feb. 14, 2016--Little, Andrew R.
The first week of February was the annual Mortgage Bankers Association convention in Orlando, where about 5,000 industry professionals from all walks of the commercial lending world converged. The themes were hard to miss: Most conduit lenders made money in the first half of 2015 and then spent the second half trying not to lose it.
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San Francisco Real Estate ‘Overvalued’ According to New Report
SFGate, Feb. 11, 2016--Landes, Emily
As San Francisco home prices continue to rise, a new report is calling the local market "overvalued" by about 16 percent.
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Multifamily Expansion to Stay Brisk Through 2017: Freddie
National Mortgage News, Feb. 10, 2016--Collins, Brian
The flood of new apartments will put upward pressure on vacancy rates in the next two years, but the multifamily market should stay strong, according to a new Freddie Mac forecast. Lenders originated a record $256 billion in multifamily loans in 2015, according to the Mortgage Bankers Association.
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Life Companies Anticipate Another Strong Lending Year for CRE
National Real Estate Investor, Feb. 17, 2016--Beth Mattson-Teig
Although life companies are known for playing it safe when it comes to lending on commercial real estate, that narrow box hasn't stopped them from doing big business in the space lately.
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Wall Street Girds for Real Estate Debt It Must Invest In
Bloomberg, Feb. 17, 2016--Mulholland, Sarah
Wall Street firms are readying themselves for new rules aimed at requiring them to eat what they cook. A provision of the 2010 Dodd-Frank law that takes effect in December forces banks to keep a stake in the commercial-property loans they package into securities and sell off to investors.
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Dealmaker of the Week
People in the News
News and Trends
Exec Survey: New York Values at Peak
More than three-quarters of New York commercial real estate executives believe city property values have peaked, reported Marks Paneth LLP, New York.
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For Millennials, Reasons to Buy…and to Rent
Most homeowners recognize a huge advantage to purchasing a home: the "Breakeven Horizon" in which they break even on a home purchase.
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Moody’s: CMBS Metrics Mostly Steady
The outlook for properties that support most commercial mortgage-backed securities mostly held steady in third-quarter 2015, reported Moody's Investors Service, New York.
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Small-Cap CRE Ends 2015 on High Note; Future Questions Arise
Bolstered by stable economic growth, net absorption of sub-$5 million industrial, office and retail properties exceeded 150 million square feet during 2015, reported Boxwood Means, Stamford, Conn.
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