Category: Top National News

Commercial Property Executive, July 25, 2019–Jamie Woodwell (MBA Mention)Uncertainty surrounds strategies for managing this watershed change, as many firms wait on the sidelines for others to take the lead.

National Real Estate Investor, July 31, 2019–Beth Mattson-TeigInvestors are getting increasingly concerned about the outlook for retail-backed commercial mortgage-backed securities 2.0 loans.

Wall Street Journal, July 30, 2019–Peter Grant (subscription)Goldman Sachs’s newly reorganized real estate investment unit is reviving a fund business the firm shut down after it suffered steep losses during the financial crisis.

Commercial Observer, July 22, 2019–Nicholas RizziData, the fuel on which so much of the technology and appraisal of real estate runs, is up-to-date and in abundant supply in New York City, but still living in the dark ages in the rest of the country.

NPR, July 18, 2019–Darius RafieyanCalifornia’s governor wants cities in his state to build more housing, but some of them don’t appear to be moving fast enough. The state has taken Huntington Beach to court.

National Real Estate Investor, July 15, 2019–Bendix AndersonThe frenzied bidding for a portfolio of high-profile luxury hotel properties owned by Anbang Insurance Group shows just how eager investors still are to put their money into full-service luxury hotels in the U.S.–and the bigger the deal, the better.

Wall Street Journal, July 16, 2019–Konrad Putzier, Esther Fung (subscription)High-rise developers in Manhattan are coming under stress as tough market conditions are starting to undermine some of the city’s most prominent luxury condo projects.

National Mortgage Professional, July 15, 2019–Phil HallThe SEC called on market participants to “proactively manage their transition” away from the London Interbank Offered Rate, which is set to expire in 2021. In June, the Mortgage Bankers Association’s LIBOR Outreach Committee found 92 percent of commercial and multifamily mortgage lenders it polled have already begun planning for the transition away from LIBOR.

Colorado Real Estate Journal, July 13, 2019–Cooper WilliamsAccording to research conducted by the Mortgage Bankers Association, the insurance companies’ mortgage debt holdings increased by 9% in 2018, which is higher than the overall market average for multifamily debt holdings.

MarketWatch, July 17, 2019–Greg RobbBusiness contacts were generally positive through early July about the economic outlook for the coming months despite “widespread concerns about the possible negative impact of trade-related uncertainty,” according to the “Beige Book” survey released by the Federal Reserve on Wednesday.