Category: Top National News

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.

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.

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.

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.

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.

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.

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.

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.

Bloomberg, Sept. 27, 2018–Oshrat CarmielThere’s a surplus of homes in Manhattan, and here come tens of thousands more.

National Real Estate Investor, Oct. 1 , 2018–Beth Mattson-TeigBorrowers have been enjoying a robust lending climate in recent years with an abundance of capital chasing too few deals. And despite caution creeping into the market along with rising interest rates, that liquidity appears firmly entrenched.