American Banker, Oct. 15, 2018–Andy Peters (subscription)Commercial real estate lending has fallen out of favor with some lenders, but Bank of America increased its exposure to the segment in the third quarter.
Category: Top National News
Apartment Rentals Now Make Up a Larger Share of New Housing Units in the U.S. Than They Have in Decades
National Real Estate Investor, Oct. 17, 2018–Bendix Anderson Apartment rentals have been luring residents away from other kinds of housing since the housing crash, and that is not likely to change in the foreseeable future as new housing preferences and low ownership affordability drive greater demand for apartment rentals.
Sexual-Harassment Suit Naming Real-Estate CEO Goes to Arbitration
Wall Street Journal, Oct. 5, 2018–Esther Fung (subscription)The lawsuit, which also alleged wrongful termination and pay discrimination, was filed last year against Bruce Schanzer, CEO and president of Cedar Realty Trust Inc., a real-estate investment trust based in Port Washington, N.Y., that owns 61 shopping centers.
Bridge Loans Can Be an Attractive Financing Strategy for Value-Add Investments
National Real Estate Investor, Oct. 5, 2018–Shahin Yazdi Bridge loans may be the right financing strategy for value-add investors with a clear plan to increase property income.
Lennar Is in Advanced Talks to Sell Its Real-Estate Lending Unit, Rialto Capital
Wall Street Journal, Oct. 9, 2018–Craig Karmin, Laura Kusisto, Dana Mattioli (subscription)Lennar Corp. is in advanced talks to sell its real-estate lending unit, looking to offload the business at a time when the nation’s largest home builder and its peers are struggling alongside a stagnant housing market. The Miami-based company is in discussions with the private-equity firm Stone Point Capital LLC for the sale of Rialto Capital.
Sears Hires Advisers to Prepare Bankruptcy Filing
Wall Street Journal, Oct. 9, 2018–Suzanne Kapner, Lillian Rizzo, Soma Biswas (subscription)Sears Holdings Corp. has hired M-III Partners LLC to prepare a bankruptcy filing that could come as soon as this week, as the cash-strapped company that once dominated American retailing faces a debt payment deadline.
Real Estate Backed Loans Stage Comeback in CLO Surge
Wall Street Journal, Oct. 10, 2018–Matt Wirz (subscription)Wall Street is cooking up a new type of mortgage-backed security for bond investors: the commercial real estate collateralized loan obligation, or CRE CLO.
A ‘Turning Point’ In The Housing Market
NPR, Sept. 28, 2018–Stacey Vanek Smith; Cardiff GarciaEver since the end of the financial crisis, rents have been rising all across America. But a recent report from Zillow could signal a turning point in the housing recovery.
REITs Wrestle With Rising Interest Rates
Wall Street Journal, Sept. 29, 2018–Mengqi Sun (subscription)After a strong second quarter, real-estate investment trusts slipped during the third quarter, according to FTSE.
Commercial/Mortgage Debt Outstanding Up in Q2
National Mortgage Professional, Sept. 27, 2018–Phil HallCommercial and multifamily mortgage debt outstanding swelled by $52.3 billion in the second quarter, according to new data from the Mortgage Bankers Association. The second quarter was 1.6 above the first quarter’s debt outstanding.