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.
Category: Top National News
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.
Manhattan Builders’ 5-Year Plan: 33,000 New Rentals and Condos
Bloomberg, Sept. 27, 2018–Oshrat CarmielThere’s a surplus of homes in Manhattan, and here come tens of thousands more.
Exclusive Research: Maintaining Liquidity
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.
New Yorkers Are Listing Their Homes for Both Sale and Rent
Bloomberg, Oct. 2, 2018–Oshrat CarmielThe number of homes simultaneously listed for sale and for rent in New York jumped 51 percent this year through Sept. 1 — to 1,087 — as owners try to get the best price at a time when both markets are weakening, according to data compiled by StreetEasy.
Banks Get Company on the Commercial Real Estate Lending Front
Daily Business Review, Sept. 24, 2018–Lidia Dinkova Banks held 40 percent of the commercial real estate debt in 2017 nationally, but South Florida borrowers increasingly are turning to alternative lenders for more flexible terms.
SFR Landlords Have Room to Raise Rents in Most Markets
National Real Estate Investor, Sept. 24, 2018–Bendix AndersonLow vacancy and prohibitive house prices give single-family rental tenants incentives to accept rent increases.