National Real Estate Investor, Dec. 4, 2017–John Egan Publicly traded student housing real estate investment trusts are increasingly turning to public-private partnerships to boost growth.
Category: Top National News
Multifamily Deliveries Slow as Worker Scarcity Increases Construction Times
Multi-Housing News, Nov. 30, 2017–Paul FiorillaWith more than 550,000 units under construction, U.S. multifamily deliveries were expected to reach a cycle peak in 2017. However, through three quarters new supply is running only slightly ahead of last year’s 281,000 deliveries, and construction times from start to finish are taking much longer than historical norms.
New York City Council Halts Midtown Tower Construction
Wall Street Journal, Dec. 3, 2017–Josh Barbanel (subscription)Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area, in a win for a grass-roots group that sought to block the project.
Short-Term Stores Now a Permanent Fixture in New York Retail
Wall Street Journal, Dec. 3, 2017–Keiko Morris (subscription)Landlords are becoming more flexible as retail sector changes and vacancies rise.
The Surprising State With the Highest Hidden Flood Risk
Wall Street Journal, Nov. 30, 2017–Adam Bonislawski (subscription)Which state has the highest hidden flood risk? Take a guess. Heck, take 49 guesses. You might not get it even then. (It’s Arizona.)
Lawmakers Pressed to Save Flood Insurance Program
National Mortgage News, Nov. 30, 2017–Brian Collins (subscription)Numerous business sectors are urging lawmakers to act quickly to extend the National Flood Insurance Program before a crucial deadline next week.
Fed Rate Hike is Expected Next Week and Three More Increases are Expected in 2018: Reuters Poll
CNBC, Dec. 4, 2017The U.S. Federal Reserve is almost certain to raise interest rates later this month, a Reuters poll of economists reported. A majority of economists now expect three more rate increases next year compared with two when surveyed just weeks ago.
Proposed Tax Change Could Hurt Mortgage Servicers, Groups Warn
National Mortgage News, Nov. 28, 2017–Bonnie Sinnock (subscription)Servicers may need to pay taxes on their income upfront under the proposed Senate tax bill, according to the Mortgage Bankers Association and the Consumer Mortgage Coalition.
Senate Banking Committee Votes Yes on Brian Montgomery Nomination
DS News, Nov. 28, 2017–David WhartonThe Senate Banking Committee approved Brian Montgomery’s nomination as FHA Commissioner on Tuesday, sending his name to the full Senate for approval.
Activism and Re-Awakened Value Hunting Sparks Private Investor Interest in Mall REITs
National Real Estate Investor, Nov. 28, 2017–Donna MitchellReal estate investment trust sector experts say the attention the retail sector is now receiving is long overdue.