HousingWire, June 1, 2018–Jeremiah JensenAll signs point to a multifamily market that is cementing into stable growth. Rents are rising at a more sustainable rate than they have in recent years; capital is flowing into the industry; construction is tapering off to a sustainable level; and demand is strong.
Category: Top National News
Sears Will Close 72 More Stores, After Quarterly Drop In Sales Of Nearly 12 Percent
NPR, May 31, 2018–Bill ChappelSears Holdings Corp., which controls Sears and Kmart, says it has “identified approximately 100 non-profitable stores, 72 of which will begin store closing sales in the near future,” in the latest sign of the retailer’s struggles to stay afloat.
Even With Mortgage Rates Up, Buying Instead of Renting Makes Sense for Many
MarketWatch, May 29, 2018–Peter MoriciThe spring home-buying season is in full swing, but the landscape has changed a lot from last year. Congress curtailed tax incentives to purchase a home, mortgage rates are up and homes are more expensive. Yet buying a home is still better than renting for many.
Multifamily Market Holds Steady
National Mortgage Professional, May 29, 2018–Phil Hall Builder confidence in the multifamily remained solid as inventory grew slightly in the first quarter, according to a pair of data reports.
Trump Signs Dodd-Frank Rollback
The Hill, May 24, 2018–Sylvan LanePresident Trump on Thursday signed a bipartisan bill to loosen key portions of the Dodd-Frank Act of 2010, cementing the first major changes to President Obama’s landmark banking laws.
JLL: U.S. Multifamily Housing Market Increases in Competitiveness
HousingWire, May 29, 2018–Alcynna LloydRecent research suggests that U.S. landlords experienced an increase in competitiveness, and global real estate investment and corporate activity were at their highest levels for a decade in the first months of 2018, according to a new report from JLL.
Why Foreign Investors Love U.S. Commercial Real Estate, And Why More Will Follow
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.
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.
