HousingWire, Sept. 11, 2018–Ben LaneThe acquisition of LeaseLabs is just the latest for RealPage, a provider of software and data analytics to the real estate industry. This is RealPage’s sixth since January 2017 and pushes the company’s total outlay for its recent expansion past $1 billion.
Category: Top National News
New York’s World Trade Center Struggles to Fill Office Space
Wall Street Journal, Sept. 11, 2018–Peter Grant (subscription)Nearly 20 percent of One World Trade Center remains empty four years after it opened.
Biggest Commercial Mortgage Servicers of 2018
Mortgage Daily, Aug. 30, 2018The Mortgage Bankers Association presented the rankings as part of its Commercial/Multifamily Real Estate Mortgage Servicer Rankings Mid-Year 2018.
Moody’s Buying Commercial Real Estate Data Provider Reis for $278 Million
HousingWire, Aug. 30, 2018–Ben LaneReis currently provides analysis and forecasts for 275 metropolitan markets and 7,700 submarkets in multifamily, affordable housing, office, retail, student housing and senior housing.
Facebook Is Bingeing on Bay Area Real Estate
Bloomberg, Sept. 4, 2018–Noah Buhayar, Sarah FrierSince Facebook Inc. arrived in Menlo Park, California, seven years ago, the town has been overrun by construction cranes, orange safety cones and truckloads of building materials to transform a former industrial area into a sprawling campus that can support a $500 billion tech giant.
Getting to Yes: What It Takes to Land Construction Debt Today
Commercial Observer, Sept. 4, 2018–Matt GrossmanLenders of all types give construction loans close scrutiny before they approve a loan.
Do Widespread Rent Concessions in the Apartment Sector Signal a Problem?
National Real Estate Investor, Sept. 4, 2018–Bendix AndersonProperty managers are offering more months of free apartment rent to attract new tenants in markets across the United States.
The Markets that Have Seen the Most Construction Starts So Far in 2018
National Real Estate Investor, Aug. 24, 2018–David Bodamer Five of the top 10 markets for commercial and multifamily construction starts in the first half of 2018 showed increased activity compared to the same period in 2017.
CBRE Global Investors Buys Stake in Three GGP Malls
Wall Street Journal, Aug. 27, 2018–Esther Fung (subscription)CBRE Global Investors has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.
Life Company Lenders Feel Pressure to Tighten Spreads on CRE Loans
National Real Estate Investor, Aug. 30, 2018–Beth Mattson-TeigLife company lenders remain firmly at the table when it comes to commercial real estate financing despite tighter spreads and a push by some borrowers for more flexible pre-payment options.