CNBC, July 31, 2017–Jeff CoxIn a speech Fed Vice Chair Stanley Fischer said low interest rates send “a powerful signal that the growth potential of the economy may be limited.”
Category: Top National News
Life Insurers Smell Opportunity in CRE, Multifamily Lending
American Banker, Aug. 1, 2017–Laura Alix (subscription)Life insurance companies are trying to chip away at banks’ dominant market share in commercial real estate lending, the Mortgage Bankers Association said.
New York Apartment Vacancies Projected to Soar
Wall Street Journal, Aug. 1, 2017–Josh Barbanel (subscription)A new report predicts New York City apartment vacancy rates will soar to more than 11% by the end of next year. The scenario, which some local housing analysts rejected, would mean a grim reckoning for landlords.
Pullback Continues in the Investment Sales Market for Apartment Properties
National Real Estate Investor, Aug. 1, 2017–Bendix AndersonInvestors spent a lot less money on apartment properties so far this year compared to 2016, but prices in the sector keep rising anyway.
What Bank Of The Ozarks’ Stock Drop Has To Do With Commercial Real Estate
Forbes, Aug. 2, 2017–Ely RazinIn its commercial real estate financing, Bank of the Ozarks has shown particularly strong involvement in construction lending–which tends to be both riskier than standard CRE financing and offer higher returns–even as other banks by and large have been reducing construction lending.
Newark Dreams to Join Ranks of Destination Cities
Commercial Property Executive, Aug. 2, 2017–Paul FiorillaUrban redevelopment is a familiar story in metros across the country. Now Newark, N.J., wants to get into the revitalization game with $1 billion of projects underway and another $4 billion in the pipeline.
Meet Your New Landlord: Wall Street
Wall Street Journal, July 21, 2017–Ryan Dezember, Laura Kusisto (subscription)Big investors transform suburban neighborhoods by buying up single-family homes and renting them out.
Happy Birthday Dodd-Frank: The Big Banks Learned Nothing
HousingWire, July 21, 2017–Jacob Gaffney[Friday was] the 7th anniversary of Dodd-Frank and the 6th anniversary of the Consumer Financial Protection Bureau. And here’s where we are: The big banks are still wearing blinders. And here’s the proof.
Flood Insurance Reform Deal Adds Momentum to House Bill
National Mortgage News, July 21, 2017–Brian Collins (subscription)House Financial Services Committee leaders and two top real estate trade groups have cut a deal on a bill to reform the National Flood Insurance Program, which will add momentum to the legislation.
America’s Hottest Properties: Data Centers and Cell Towers
Wall Street Journal, July 25, 2017–Esther Fung (subscription)As more people consume digital content and make purchases online, landlords and owners of data centers and cell towers that house cables and beam data to smartphones are looking to expand faster.