Wall Street Journal, Apr. 18, 2018 (subscription)U.S. commercial real estate owners are raking in debt capital from South Korean investors hunting for higher returns and better asset diversification. Some 21 percent of foreign investment in U.S. real-estate debt as of mid-April came from the Asian nation.
Category: Top National News
How Do You Empower Women In Commercial Real Estate?
Forbes Magazine, Apr. 18, 2018–Susan TjarksenHow do we empower women in commercial real estate? How do we help elevate women, support working mothers and encourage female entrepreneurialism in this industry? Many industries face these questions, and there is no perfect answer.
New York’s Commercial Property Market Comes Storming Back
Wall Street Journal, Apr. 16, 2018–Keiko Morris (subscription)A rise in sales of office towers, apartment buildings and warehouses after a two-year dive signals confidence in New York’s real estate market. Manhattan transactions more than doubled to $8.9 billion.
A Bubble in Commercial Real Estate May Be About to Pop
Business Insider, Apr. 17, 2018–Wolf RichterBanks are ramping up the extension of commercial real estate loans. CRE prices peaked in 2016 and are now flat-lining, which is partially due to the downturn of malls and traditional retail. Office and lodging buildings have been hit hard too.
Bill Pushing Apartments and Condos Near Public Transit Loses Crucial Vote
San Francisco Chronicle, Apr. 17, 2018–Melody Gutierrez A California bill to limit cities’ ability to block large apartment and condominium construction in residential neighborhoods near public transit lost a key legislative vote Tuesday, killing it for this year.
Record 2017 Commercial Mortgage Originations
Mortgage Daily, Apr. 10, 2018Not only did originators lift annual commercial real estate lending volume last year, they pushed it past the pre-crisis record level, the Mortgage Bankers Association said.
Click to Buy: Some Sears Stores Are Being Auctioned Online
Wall Street Journal, Apr. 10, 2018–Esther Fung (subscription)Real estate services firm Cushman & Wakefield is partnering with Real Insight Marketplace, an online auction platform, to help Sears sell 16 profitable store locations.
A Miami Real-Estate Developer Readies for Flying Cars
Wall Street Journal, Apr. 9, 2018–Candace Taylor (subscription)In anticipation of air taxis from Uber and others, the builder of a 60-story condo tower in Miami is laying the groundwork for a ‘skyport’ on the roof.
Commercial Property Outlook Remains Positive
Scotsman Guide, Apr. 5, 2018–Victor WhitmanThe commercial real estate market ended 2017 on a strong note, and the prospects for a stable 2018 remain high, according to the Mortgage Bankers Association.
As China Puts the Brakes on Overseas Investment, Los Angeles’ Development Boom Takes a Hit
Los Angeles Times, Apr. 1, 2018–Roger VincentLast year, Chinese investors interested in buying or developing property in Southern California peppered World Trade Center Los Angeles officials with questions about how best to break into the market. But questions such as those have nearly ceased as China’s feared pullback from overseas investments has been borne out.