Category: Top National News

Wall Street Journal, May 7, 2019–Esther Fung (subscription)Global retailers once seemed to pay whatever it took to lease space on Manhattan’s Fifth Avenue. That doesn’t appear to be the case anymore.

Bloomberg, Apr 25, 2019–Jordyn Holman Perhaps the biggest surprise about teenagers: They love the shopping mall. Around 95 percent of them visited a physical shopping center in a three-month period in 2018, as opposed to just 75 percent of millennials and 58 percent of Gen X.

Houston Public Media, Apr. 29, 2019–Florian MartinHousing costs are growing faster for those with lower incomes, according to a study by Apartment List.

National Real Estate Investor, Apr. 30, 2019–Beth Mattson-TeigBorrowers are taking advantage of the crowded debt fund space to find good deals on short-term bridge loans. Competition has heated up in the past six months on financing transitional assets that have a renovation plan or a value-add component, especially those that have in-place cash flow.

New York Times, Apr. 17, 2019–William NeumanNew York City is about to embark on an ambitious plan to fight climate change that would force thousands of large buildings such as the Empire State Building and Trump Tower to sharply reduce their greenhouse gas emissions.

Bloomberg, April 22, 2019–John GittelsohnInstitutional investors are starting to turn away from private equity real estate and infrastructure investments in favor of liquid funds that put their money to work faster, according to the head of a firm that offers such products.

Commercial Property Executive, Apr. 24, 2019–Jeffrey SteeleHow will CMBS origination stack up this year? After the first several months of 2019, signs continue to point to a significant decline in volume, though some observers contend the reduction could be less severe than expected. (MBA mention)

Syracuse.com (N.Y.), Apr. 19, 2019–Rick MoriartyDestiny USA’s D-Day arrives June 6. On that day, its $430 million in mortgage loans come due in full, and the owner of the giant Syracuse mall is in danger of default.

Urban Land magazine, Apr. 18, 2019–Patrick KigerA new generation of property technology software platforms can do everything from monitoring buildings’ energy and water use in real time to providing tenant workforces with on-site access to medical treatment and other quality-of-life-enhancing services.

HousingWire, April 18, 2019–Caroline BasileThe multifamily and commercial real estate lending business is booming. Lenders in the space closed a record $573.9 billion in loans in 2018, the Mortgage Bankers Association reported. Loans averaged $19 million.