The Lede
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U.S. Top Court Rejects Banks Over LIBOR Antitrust Lawsuits
Reuters, Jan. 17, 2017--Hurley, Lawrence
The U.S. Supreme Court on Tuesday allowed private antitrust lawsuits brought by investors accusing major banks of conspiring to manipulate the pivotal LIBOR benchmark interest rate to move forward.
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Property Supply Hasn’t Kept Pace With Popularity of Real-Estate Funds
Wall Street Journal, Jan. 17, 2017--Patnaude, ArtInvestors are piling money into real-estate funds-but fund managers are finding it a challenge to spend it.
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Mall Owners Find Relief From Unlikely Source: Online Retailers
Wall Street Journal, Jan. 17, 2017--Fung, Esther; Smith, Jennifer
Vacant space in malls is being filled by stores used for pickup and returns of goods bought online, and by online merchants looking to reach new customers.
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Ted Tozer, Steward of Ginnie Mae for 7 Years, Departing
National Mortgage News, Jan. 13, 2017--Passy, Jacob
As president of the secondary marketing agency, Tozer has helped the mortgage market to continue functioning and keep up with changes following the financial crisis. The incoming Trump administration has not yet picked a successor.
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How Much Longer Will Charlotte’s Commercial Real Estate Boom Last?
Charlotte (N.C.) Observer, Jan. 13, 2017--Portillo, Ely
It's the biggest question right now in Charlotte's booming commercial real estate market: How long will the good times last?
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Retail Sales Figures Bear Out America’s Storefront-to-Online Shift
Bloomberg, Jan. 13, 2017--Yadoo, Jordan
Holiday sales at Macy's Inc., Sears Holdings Corp., and J.C. Penney Co. were anemic and U.S. government data just confirmed it.
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Consumer Optimism Slips to Start 2017
HousingWire, Jan. 13, 2017--Ramirez, Kelsey
Although consumer optimism increased after the election of President-elect Donald Trump, 2017 saw a dip in that optimism.
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Foreign Money Looks Beyond Gateway Cities for Apartment Assets
National Real Estate Investor, Jan. 17, 2017--Anderson, Bendix
U.S. apartment properties still look good to foreign investors.
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Trump Era: Mix of Optimism, Uncertainty in CMBS
Commercial Property Executive, Jan. 18, 2017--Fiorilla, Paul
A year ago, commercial mortgage-backed securities market players were debating how much new regulations requiring issuers to "eat their own cooking" would disrupt the industry.
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News and Trends
Fitch: CMBS Delinquencies Dropped 21% in 2016
The commercial mortgage-backed securities delinquency rate closed out 2016 down 21 percent by balance from year-end 2015, but late-pays could reverse course in 2017, reported Fitch Ratings, New York.
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Altus Group: CRE Executives Bet Big on Industrial for 2017
Commercial real estate executives are especially bullish on industrial and multifamily assets in 2017, reported Altus Group, Toronto.
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RealPage: ‘Robust’ Apartment Demand While Rent Growth Cools Slightly
Last year saw near-record multifamily demand and strong occupancy despite rising completions, reported RealPage, Richardson, Texas. But rent growth is starting to slow.
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CBRE Expects ‘Steady Start’ to the Year
The 2017 outlook for U.S. commercial real estate capital markets remains favorable, said CBRE, Los Angeles.
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