D Magazine, Nov. 27, 2017–Jeff PriceThere are significant headwinds in the face of multifamily developers which are beginning to inhibit their ability to start new projects.
Category: Top National News
Mall Owners Ramp Up Holiday Spending in an Era of Diminished Expectations
Wall Street Journal, Nov. 21, 2017–Esther Fung (subscription)The biggest mall and mixed-use center landlords across the U.S. are digging deep into their pockets to attract customers this holiday season. But they are under no illusion their efforts will bring windfalls to them or their tenants.
Once-Hot Apartment Construction Cooling as U.S. Housing Engine
Bloomberg, Nov. 20, 2017–Shobhana Chandra; Vince Golle; Jordan YadooFaster apartment building was instrumental in pulling the U.S. housing market out of its slump a decade ago. Now, that engine is starting to throttle back.
Exclusive Research Reveals Stable Outlook for the Multifamily Sector
National Real Estate Investor, Nov. 29, 2017–David BodamerWhile sentiment has dampened slightly, investors still prefer apartments over other commercial real estate property types.
Brookfield’s Offer for GGP Might Drive Prices in the Mall Sector Lower, Analysts Say
National Real Estate Investor, Nov. 17, 2017–Mary DiduchBrookfield Property Partners’ $14.8 billion offer to buy the remainder of shopping center owner General Growth Properties could re-price the retail sector–already challenged by the rise of e-commerce.
Commercial Real Estate Should Get Ready for Autonomous Vehicles
Daily Report, Nov. 14, 2017–Patrick SpookAutonomous vehicle benefits are significant, but to realize the benefits and avoid disruption in commercial real estate, all parties should cohesively plan for a future without drivers behind the wheel.
Trump Administration Reportedly Considering Mohamed El-Erian for Fed Vice Chair
HousingWire, Nov. 14, 2017–Ben LaneLast month, Mohamed El-Erian told the Mortgage Bankers Association Annual Convention that it didn’t matter who President Donald Trump chose as the next chair and vice chair of the Federal Reserve, because the path for the central bank’s future was already laid out. It turns out it could be El-Erian himself taking over for the departed Stanley Fischer as the next Fed vice chair.
Construction Costs Rise for Apartment Projects
National Real Estate Investor, Nov. 14, 2017–Bendix AndersonThe cost of apartment-construction materials rose 3.6 percent over the year that ended in September, the Bureau of Labor Statistics’ Producer Price Index reported.
Tax Overhaul Bills Keep ‘1031 Exchange’ and Add Other Commercial Property Perks
Wall Street Journal, Nov. 14, 2017–Peter Grant (subscription)The residential real estate industry might be panicking about the Republican-backed tax overhaul making its way through Congress, but many in the commercial real estate industry are delighted with what they see so far.
Fed’s Bostic: Gradual Rate Rises Appropriate Over Next Several Years
Wall Street Journal, Nov. 14, 2017–Michael Derby (subscription)Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday the U.S. central bank should press forward with interest-rate rises.