Category: Top National News

Wall Street Journal, July 13, 2018–Ruth Simon, Richard Rubin (subscription)A new Marriott hotel in the Phoenix area might seem a world apart from an affordable-housing complex in the Watts neighborhood of Los Angeles, but both are poised to benefit from the new “opportunity zone” program created in last year’s federal tax overhaul.

Commercial Observer, July 18, 2018–Matt Grossman The Commercial Observer said the most influential commercial real estate finance leader last year wasn’t yet a jet-setting investment manager or the executive behind a secretive private portfolio but the most traditional of entrants: Doug Mazer, the chief of Wells Fargo’s real estate capital markets team.

Real Estate Weekly, July 18, 2018Canadian institutional fund manager Caisse de dépôt et placement du Québec made a $250 million preferred equity investment into Avison Young.

New York Times, July 18, 2018–Nikita Stewart (subscription)New York City is consolidating its system of rental subsidies after four years of complaints from landlords wary of accepting vouchers and homeless people who have tried to use the vouchers to move out of shelters.

Daily Business Review, July 9, 2018–Jaime Sturgis Following the approval of the federal tax reform bill, much of the discussion has centered on the legislation’s disproportionately negative impact on tax-heavy states and the anticipated influx of residents from those states relocating to tax-free states like Florida.

National Mortgage News, July 9, 2018–Hannah Long (subscription)Congress has until July 31 to renew the program or risk a lapse in coverage, which would create a new round of headaches for lenders and real estate agents. Home sales in high-risk flood areas could stall, and policyholders would be unable to renew their insurance in the middle of hurricane season.

Bloomberg, July 10, 2018–Peter RobisonAn Arkansas bank has become one of America’s top construction lenders. Does it know something the giants don’t?

GlobeSt.com, July 10, 2018–Kelsi Maree BorlandInterest rates are anticipated to rise several more times this year, which has left the many wondering how the increases will affect investment activity.

National Real Estate Investor, July 10, 2018–Bendix Anderson Apartment renters have come to expect green building features like good indoor air quality and energy efficiency, making them more of a requirement in many markets.

HousingWire, July 9, 2018–Ben LaneNewly released data from RentCafé and Yardi Matrix shows that nationwide rents just hit a record high in June, crossing the $1,400 threshold for the first time ever.