National Real Estate Investor, Oct. 4, 2017–Beth Mattson-TeigProperty values have surged steadily higher in the prolonged recovery. But that high tide isn’t raising all boats as some metros are still falling short of 2007 pricing.
Category: Top National News
Predicting the Death of the Mall, One J.C. Penney at a Time
Bloomberg, Oct. 11, 2017–Rachel Evans, Claire BostonData analysis firm System2 identified an additional 197 J.C. Penney stores at risk of closing after the embattled retailer announced plans to shutter as many as 140 shops. System2 LLC said the outlets–from San Bernardino, Calif. to an Omaha, Neb. suburb–have a 64-plus percent likelihood of closing.
Institutional Investors Develop Bigger Appetite for Debt Funds
National Real Estate Investor, Oct. 11, 2017–Beth Mattson-TeigCapital flowing into private equity debt funds has been steadily rising for the past three years.
Investors Pile Into Emerging-Market Real Estate
Wall Street Journal, Oct. 3, 2017–Peter Grant (subscription)Investors are showing more interest in commercial real estate in Asia, South America and other emerging markets, where growth trends and the lure of outsize returns overshadow the additional political and financial risks these regions can pose.
Manhattan Condos Are Barely Yielding More Than Government Treasuries
Bloomberg, Oct. 2, 2017, Oshrat CarmielNewly purchased condos that were listed for lease in the second quarter brought their owners a median return of 2.5 percent, according to an analysis released Monday by property-listings website StreetEasy.
Manhattan Resale Home Prices Set a Record, Even After Discounts
Bloomberg, Oct. 3, 2017–Oshrat CarmielThe price of Manhattan resale homes hit a record in the third quarter, but sellers shouldn’t get too bullish. It took some discounting to get there.
Psst, Heard About That Deal? CompStak to Bring its Crowdsourcing Model to Sales
The Real Deal (New York), Oct. 2, 2017–Hiten SamtaniCompStak, the real estate information firm that shook up the clandestine world of office leasing by introducing crowdsourced comps, is now taking on the investment-sales space.
Trump Meets With Former Fed Governor Kevin Warsh About Chairman Job
Wall Street Journal, Sept. 29, 2017–Michael C. Bender (subscription)President Donald Trump and Treasury Secretary Steven Mnuchin met with former Federal Reserve governor Kevin Warsh on Thursday to discuss his potential nomination as the next Fed chairman, a White House official said, signaling that the West Wing is moving ahead with a process that the president has said he would like to have completed by the end of the year.
Commercial, Multifamily Mortgage Debt Rises to $3.6 Trillion in U.S.
World Property Journal, Sept. 28, 2017–Michael GerrityAccording to the Mortgage Bankers Association’s Commercial/Multifamily Mortgage Debt Outstanding Report, total U.S. commercial and multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter, as three of the four major investor groups increased their holdings.
Economic Consensus Masks Many Uncertainties
Commercial Property Executive, Oct. 4, 2017–Paul FiorillaWhile economists foresee little chance of a recession in the near term, potential policy changes could affect the U.S. economy and commercial real estate values.