Forbes, May 30, 2018–Evan GentryDespite fears of trade wars and increased protectionism, foreign investment in the United States remains robust. A significant amount of this capital is flowing to commercial real estate, which continues to be the sector of choice for many foreign investors.
Category: Top National News
Condos, Restaurants, An Elementary School. How an 80-Story Skyscraper Could Transform Bunker Hill
Los Angeles Times, May 30, 2018–Roger VincentEven in an era of mega real estate developments in downtown Los Angeles, the Angels Landing proposal stands out. Developers plan to erect a $1.2-billion residential, hotel and retail complex anchored by a skyscraper of at least 80 stories that would be one of the tallest buildings west of the Mississippi River.
Revealed: Median Salaries at Some of Real Estate’s Biggest Public Companies
The Real Deal New York, May 17, 2018–Rich BockmannPublic companies are revealing how much typical employees earn for the first time as part of the 2010 Dodd-Frank Act. Typical employees at CBRE make, on average, nearly 20 percent more than their counterparts at JLL.
Commercial Lending Posts Surprise Uptick in Q1
Scotsman Guide, May 17, 2018–Victor WhitmanThe Mortgage Bankers Association released the findings of its first-quarter survey of commercial/multifamily bankers on Thursday, and it showed that commercial mortgage origination volume unexpectedly rose, compared to last year’s first quarter.
Inflation Is Back (Sort Of)–Is Commercial Real Estate An Inflation Hedge In The ‘New Normal’?
Forbes, May 18, 2018–David PascalFor many years, investors viewed commercial real estate as an inflation hedge. As prices and wages rose, so did rents and therefore values. Now that inflation is back, are we going back to the “old normal,” Or will it be different this time?
Commercial, Multifamily Borrowing Up 1 Percent Annually in U.S.
World Property Journal, May 21, 2018–Michael Gerrity First-quarter 2018 commercial and multifamily mortgage loan originations increased one percent compared to the same period last year and–in line with market seasonality–first quarter originations were thirty-three percent lower than fourth-quarter 2017.
CBRE’s Head of Americas Research Offers a Contrarian View on Retail REITs
National Real Estate Investor, May 21, 2018–John EganCBRE’s Spencer Levy cautioned that industrial and multifamily will confront short-term supply headwinds and stressed that retail has been unfairly pummeled.
Blackstone to Buy LaSalle Hotel Properties for $3.7 Billion
Wall Street Journal, May 21, 2018–Austen Hufford (subscription)Blackstone Group LP, a large private-equity firm, has reached a deal to buy U.S. luxury hotel owner LaSalle Hotel Properties for about $3.7 billion, the companies said on Monday.
Foreign Investors Shrug Off Miami’s Rising Sea Levels
NPR, May 21, 2018–Roben FarzadThe seas are rising, frequently flooding the streets even when no storms are on the horizon. But that hasn’t stopped foreign investors from shelling out big dollars for Miami real estate.
The Long View: Why Real Estate Tech Won’t Kill the Middleman
The Real Deal New York, May 22, 2018–Konrad PutzierNot too long ago, it seemed like the real estate business was about to enter a new era. To some observers, websites like Zillow and Trulia or office equivalents 42Floors and LoopNet threatened to put brokers out of business. Fast forward a few years, and the opposite seems to be taking place: well-funded startups are currently in a quest to add more and more intermediaries to real estate deals.