Bloomberg, Mar. 12, 2018–Noah BuhayarThe Canyon Industrial Portfolio includes 146 warehouses and distribution centers concentrated in and around Chicago, Dallas, Baltimore, Washington, D.C., Los Angeles and South and Central Florida, according to a statement from Blackstone on Monday.
Category: Top National News
Is CMBS Underwriting Getting Loose?
National Real Estate Investor, Mar. 14, 2018–Mary DiduchThe spread between the cap rates used by Moody’s Investors Services, Morningstar Credit Ratings and S&P Global Ratings on conduit loans and the market is widening.
Toys R Us to Close All 800 of its U.S. Stores
Washington Post, Mar. 14, 2018–Abha BhattaraiToy store chain Toys R Us is planning to sell or close all 800 of its U.S. stores, affecting as many as 33,000 jobs as the company winds down its operations after six decades.
CRE Opinion: How to Profit During Inflation
D Magazine, Mar. 5, 2018–Ari RastegarInvesting in hard assets can protect against inflation. When an economic shift happens, investors seek to add alternative investments like commercial real estate to their traditional stock, bond and cash portfolios.
Net Lease Research: Dollar Stores Remain Strong, Convenience Stores Struggling
National Real Estate Investor, Mar. 1, 2018–David BodamerDollar stores–buoyed by budget-conscious consumers and largely insulated from the rise of e-commerce–have become a popular bet for some net lease investors.
Fannie Mae Expands Green Lending, Housing Innovation Platforms
Multi-Housing News, March 5, 2018–Sanyu KyeyuneFannie Mae Multifamily Executive Vice President Jeffery Hayward sat down at MBA’s CREF/Multifamily Housing Convention & Expo in San Diego to provide an industry-wide outlook and discuss the GSE’s new initiatives for 2018.
More Apartment Landlords Offer Free Rent to Lure Tenants
National Real Estate Investor, Mar. 6, 2018–Bendix AndersonAs the percentage of vacant apartments creeps higher in cities and towns across the country, more property managers are offering months of free rent to potential residents to get them to sign leases.
Manhattan Apartment Sales Plummet in January to 2012 Low
Reuters, Mar. 5, 23018–Herbert LashApartment sales in Manhattan fell to the lowest monthly rate in January since February 2012 as a declining trend in city-wide sales both by price and volume emerged, listings and data website CityRealty said on Monday.
That Much Prophesied Commercial Property Bust Still Hasn’t Happened
Wall Street Journal, Mar. 6, 2018–Esther Fung (subscription)The delinquency rate for securitized loans in the commercial real-estate industry has dropped for eight consecutive months, defying expectations in recent years of a wave of defaults.
Competition May Force CMBS Issuers to Pursue Higher LTV Loans
National Mortgage News, Mar. 5, 2018–Bonnie Sinnock (subscription)”Many market participants believe that increased conduit leverage is required for the CMBS market to effectively compete for future commercial real estate loans and maintain CMBS conduit issuance at sustainable levels,” Fitch Ratings analysts wrote in a report.