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.
Category: Top National News
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.
Commercial Mortgage Loans Jump 8 Percent in Third Quarter
Financial Regulation News, Nov. 13, 2017–Dave KovaleskiCommercial and multifamily mortgage loan originations were up 8 percent in the third quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Banks Seek Level Playing Field for CRE Construction Lending
National Mortgage News, Nov. 10, 2017–Brad Finkelstein (subscription)If H.R. 2148 passes, banks should be used more often as a capital source for construction loans, said Bruce Oliver, the Mortgage Bankers Association’s associate vice president for policy in the commercial and multifamily group.
Are We There Yet? Percentage of CRE Pros Who Believe the Cycle is at its Peak Continues to Rise
National Real Estate Investor, Nov. 15, 2017–Elaine MisonzhnikAs the current market cycle gets long in the tooth, the percentage of NREI readers who think we have reached the peak continues to gradually increase.
Brookfield Property Makes $14.8 Billion Offer to Acquire Remainder of GGP
Wall Street Journal, Nov. 12, 2017–Dana Mattioli (subscription)Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn’t already own.
As the Market for Office Assets Cools Down, Suburban Buildings Outperform CBD Properties
National Real Estate Investor, Nov. 3, 2017–Patricia KirkInvestment sales in the office sector continued to decline in the third quarter, Real Capital Analytics reported.
Commercial Real Estate, Which Fueled Trump’s Fortune, Fares Well in Tax Plan
New York Times, Nov. 3, 2017–Alan RappeportAn industry familiar to President Trump appears to have emerged from the Republican tax rewrite relatively unscathed: commercial real estate.
CRE Economists Say New Fed Chair Nominee Not Likely to Rattle the Market
National Real Estate Investor, Nov. 6, 2017–Mary DiduchPresident Donald Trump last Thursday nominated Federal Reserve governor Jerome Powell as the central bank’s new chairman. Real estate economists do not expect Powell to force dramatic changes in monetary policy.
GOP Tax Plan Carries Benefits for the CRE Industry, with the Exception of Affordable Housing
National Real Estate Investor, Nov. 7, 2017–Mary DiduchThe tax reform legislation–which still must work its way through Congress and could change–maintains many existing provisions that benefit the commercial real estate industry.