Category: Top National News

Bisnow, Apr. 22, 2018–Dees StriblingCommercial real estate loans on bank books increased during the first quarter to $2.1 trillion, but the 25 largest banks in the United States saw their commercial real estate loan exposure drop about an annualized 1 percent during the quarter, the Federal Reserve reported.

Commercial Observer Apr. 19, 2018–Cathy CunninghamIndustry veteran Paul Vanderslice is leaving his position as co-head of Citigroup’s U.S. commercial mortgage-backed securities group after three decades at the bank to become the CEO of CCRE.

Wall Street Journal, Apr. 18, 2018 (subscription)U.S. commercial real estate owners are raking in debt capital from South Korean investors hunting for higher returns and better asset diversification. Some 21 percent of foreign investment in U.S. real-estate debt as of mid-April came from the Asian nation.

Forbes Magazine, Apr. 18, 2018–Susan TjarksenHow do we empower women in commercial real estate? How do we help elevate women, support working mothers and encourage female entrepreneurialism in this industry? Many industries face these questions, and there is no perfect answer.

Wall Street Journal, Apr. 16, 2018–Keiko Morris (subscription)A rise in sales of office towers, apartment buildings and warehouses after a two-year dive signals confidence in New York’s real estate market. Manhattan transactions more than doubled to $8.9 billion.

Business Insider, Apr. 17, 2018–Wolf RichterBanks are ramping up the extension of commercial real estate loans. CRE prices peaked in 2016 and are now flat-lining, which is partially due to the downturn of malls and traditional retail. Office and lodging buildings have been hit hard too.

San Francisco Chronicle, Apr. 17, 2018–Melody Gutierrez A California bill to limit cities’ ability to block large apartment and condominium construction in residential neighborhoods near public transit lost a key legislative vote Tuesday, killing it for this year.

Mortgage Daily, Apr. 10, 2018Not only did originators lift annual commercial real estate lending volume last year, they pushed it past the pre-crisis record level, the Mortgage Bankers Association said.

Wall Street Journal, Apr. 10, 2018–Esther Fung (subscription)Real estate services firm Cushman & Wakefield is partnering with Real Insight Marketplace, an online auction platform, to help Sears sell 16 profitable store locations.

Wall Street Journal, Apr. 9, 2018–Candace Taylor (subscription)In anticipation of air taxis from Uber and others, the builder of a 60-story condo tower in Miami is laying the groundwork for a ‘skyport’ on the roof.