National Real Estate Investor, Oct. 17, 2017–Bendix Anderson Thanks to affordability and strong job growth–including in Seattle’s core–few new apartments are sitting vacant and rents continue to rise.
Category: Top National News

Global Investors Pour Billions Into Hudson Yards in Major Bull Market Bet
Wall Street Journal, Oct. 17, 2017–Peter Grant (subscription)Much of the capital behind the mixed-use project on Manhattan’s far west side is foreign.

MBA Behind 1031 Exchanges in Tax Reform
RESPA News, Oct. 16, 2017The Mortgage Bankers Association signaled its support for work being done on comprehensive tax reform, writing to key lawmakers that this was a “once in a generation opportunity” to overhaul the tax code.

Kushners’ Control of Family’s NYC Crown Jewel Is Now in Jeopardy
Bloomberg, Oct. 16, 2017–David Kocieniewski, Caleb MelbyAn ambitious plan by Jared Kushner’s family to recast its indebted Fifth Avenue office building as a luxury architectural trophy is collapsing, setting off a chain of events that may imperil the Kushners’ ownership of a property central to their real estate empire.

Commercial Mortgages: Healthy Market is Producing Loans at a Pace Not Seen in Three Years
Richmond (Va.) Times-Dispatch, Oct. 16, 2017–Andrew LittleAfter taking a short breather earlier in the year, commercial real estate markets are growing again. Leading the resurgence is a stable and healthy conduit market producing loans at a pace not witnessed in three years.

What Is the True Number of Store Closings for 2017?
National Real Estate Investor, Oct. 13, 2017–Donna Mitchell The two schools of thought on retail store closures seem very far apart.

The State of the Debt Market for Commercial Real Estate
Real Estate Weekly, Oct. 5, 2017–Steven Kohn2017 continues to be a great year to be a borrower, Cushman & Wakefield Vice Chairman Steven Kohn said. “Financing is readily available at virtually all leverage levels at attractive pricing.”

Renters Think the Housing Market is Finally Loosening Up…
CNBC, Oct. 10, 2017–Diana OlickThe Mortgage Bankers Association reported credit availability increased in September.

Manhattan Office Leasing Jumps on Financial-Sector Hiring
Wall Street Journal, Oct. 8, 2017–Keiko Morris (subscription)Manhattan office leasing kicked into high gear in the third quarter as financial services jobs surpassed prerecession levels in August, but new construction kept rental increases low, according to new statistics released by real estate services firm JLL.

Why Commercial Real Estate Lending by Big Apple’s Home-Grown Banks Is Down
National Real Estate Investor, Oct. 5, 2017–Ely RazinWhy are these Big Apple lenders cutting back on their commercial real estate financing activity?