Wall Street Journal, June 29, 2021–Sami Sparber (subscription)In 36% of U.S. cities, apartments under construction are larger on average than those built over the previous five years, according to a …
Category: Top National News
U.S. Construction Industry Projected To Grow 15.6% In 2021
National Mortgage Professional, June 29, 2021–Katie JensenThe United States Construction Databook Series released its first-quarter update for 2021, which paints a promising outlook for the country’s inventory issues. The report …
After Leadership Change, What’s Next for Fannie and Freddie?
Multi-Housing News, June 29, 2021–Paul FiorillaSome possibilities include ramping up loan production, increasing access to the correspondent program for smaller lenders, and expanding the use of loans with affordable and …
What Use of Office Space in U.S. Could Look Like by 2022
National Mortgage News, June 28, 2021–Spencer Lee (subscription)Fears of a permanent exodus from office life may have been premature, according to a study that finds a majority of businesses plan …
KKR Makes New Single-Family Rentals Bet as Wall Street Piles In
Bloomberg, June 24, 2021–Patrick Clark, Gillian TanKKR & Co. is making a fresh play for the suburbs, forming a new single-family landlord, My Community Homes, that plans to buy and …
When Will Business Travel Rebound? Top Workplaces 2021
Cleveland.com, June 27, 2021–Cameron FieldsUnion Home Mortgage, the No. 1 large company for Top Workplaces, hasn’t had any business travel for 14 months, said president and CEO Bill Cosgrove. He …
Investors Chasing Housing Target Massive Pools of Airbnb Rentals
Bloomberg, June 25, 2021–Patrick ClarkInvestors hunting for returns in the frenzied U.S. real estate market are tapping a new strategy: building massive portfolios of houses to rent out on Airbnb.https://www.bloomberg.com/news/articles/2021-06-25/investors-chasing-housing-target-massive-pools-of-airbnb-rentals?srnd=premium
Fifty Former Sears Stores Go to Market
The Real Deal (New York), June 25, 2021Andrea Olshan, chief executive officer of the real estate investment trust Seritage Growth Properties that bankrupt Sears formed five years ago, wants to …
Credit Unions Increase Commercial RE Loans in Q1
Credit Union Times, June 21, 2021–Jim DuPlessisCredit unions originated commercial real estate loans at half the rate of others in their portfolios in the first quarter, and their share of …
Investors Explore UPREITs as Alternative to 1031s
Wealth Management Real Estate, June 14, 2021–Beth Mattson-TeigPresident Biden’s tax proposal that puts 1031 exchanges on the chopping block is shining a spotlight on Umbrella Partnership Real Estate Investment Trusts …