Category: Top National News

Slate Magazine, May 11, 2018–Henry GrabarA university is now the largest employer in two-thirds of America’s 100 largest cities and they have enthusiastically seized more economic and urban development responsibilities.

New York Times, May 12, 2018–Emily BadgerThe development, Natalie Gubb Commons, was reserved for households with incomes up to 50 percent of the local median. The applications were open for three weeks last fall, and 6,580 households applied for a chance to rent there, or nearly 70 for each unit.

MarketWatch, May 12, 2018–Gregg RobbEconomists have trimmed their odds of an economic downturn through early 2019, according to the latest survey of professional forecasters released by the Philadelphia Fed on Friday.

Washington Business Journal, May 3, 2018–Michael NiebauerResurrecting a dead mall, even if only for a short time, is a job for an Amazonian princess. “Wonder Woman 2,” the sequel to the smash 2017 hit movie, will film at the shuttered Landmark Mall in Alexandria, Va.

Bloomberg, May 4, 2018–Gillian TanNew York’s iconic Plaza Hotel is about to change hands. Its buyers are Shahal Khan, founder of Dubai-based family office White City Ventures, and Kamran Hakim, of New York landlord Hakim Organization. They agreed to pay $600 million for the hotel, at the southeast corner of Central Park, in a deal that is set to be completed on June 25.

Urban Institute, May 9, 2018–Jim Parrott, Mark M. ZandiAs it becomes apparent that the 115th Congress will not pass legislation to reform Fannie Mae and Freddie Mac, the authors describe the path the current administration will likely take to reform the government-sponsored enterprises administratively.

Washington Post, May 8, 2018–Robert PinnegarInstead of viewing renting as a short-term phase, an increasing number of residents are choosing rental housing specifically because it offers a more flexible lifestyle than homeownership.

Real Estate Journals, Apr. 27, 2018–Dan RafterDennis Bernard, founder and president of Southfield, Michigan-based Bernard Financial Group, said that the Detroit commercial real estate market continues to gain momentum.

Financial News, Apr. 30, 2018–Justin Baer Bond Manager Pacific Investment Management Co. is raising money for a new multibillion-dollar commercial real estate debt fund, its latest foray into more lucrative but less liquid markets.

Wall Street Journal, Apr. 26, 2018–Laura Kusisto (subscription)Rising wages, loosening credit standards and demographic shifts are all creating momentum for owning rather than renting.